Streets Ahead says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located in South Norwood, Croydon, with a list price of £225,000. The flat is 407 sqft and situated on a 508 sqft plot. The property appears to be in good condition based on the provided images. The interior is modern and clean, with recently updated kitchen and bathroom fixtures. There is no visible evidence of damage or disrepair. While the plot size is relatively small, it does offer some outdoor space, which is a positive feature. The location is convenient, with several schools and transportation options within a reasonable distance. The proximity to Selhurst and Norwood Junction train stations provides good access to central London and other parts of the city. The presence of several well-regarded schools nearby also adds to the desirability of the location. Considering the average price per sqft in the area (£451) and the property’s size (407 sqft), a rough estimate of the property’s value would be around £183,700. However, the list price of £225,000 is significantly higher. This discrepancy may be due to several factors including the recent renovation, the competitive nature of the London property market, and the specific features and amenities of the flat that are not fully captured in the data provided. Further investigation into comparable properties in the immediate vicinity would be necessary to determine a more precise market value. Based on the available information, the property appears to be reasonably priced, though it’s slightly above the calculated average. The modern condition and convenient location could justify the higher price point.

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