Yopa says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom flat located on Rotherhithe New Road in London, SE16. The flat is 672 sqft and is listed at £465,000. The area has an average property price of £735,562 and an average price per sqft of £868. The property appears to be in excellent condition, boasting a modern kitchen and bathroom, and well-maintained living spaces. The images show a contemporary design and no visible signs of disrepair or needing renovation. The property also benefits from a private balcony offering outdoor space. The location is favorable, with several transportation links nearby, including South Bermondsey station (Govia Thameslink Railway) at 0.37KM, and several other stations within a 1KM radius. The proximity to several well-regarded schools (Cavendish School, Rotherhithe Primary School, and St Joseph’s Catholic Primary School), all within a 0.5KM radius, enhances its family appeal. While the plot size is limited to the flat’s footprint (672 sqft), the private balcony provides some outdoor space. The lack of additional land is typical for flats in this area of London. Considering the average price per sqft in the area (£868) and the property’s excellent condition and convenient location, the list price of £465,000 appears reasonable, potentially representing good value for money, especially when compared to other nearby properties. However, the lack of sqft data for comparable properties makes a definitive price comparison challenging.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images