Martyn Gerrard says ..

Property Oracle says ..

The property is located in Hampstead, a highly desirable area of London. The surrounding area benefits from good transport links, with several Overground and Underground stations within a reasonable distance. There are also a number of highly-rated primary schools nearby, making this an attractive location for families.

Based on the provided photographs, the property appears to be in fair condition. While it seems habitable, some minor cosmetic improvements and updates might enhance its overall appeal. The kitchen and bathroom appear functional but could benefit from modernisation.

The property does not appear to have any outdoor space, such as a garden or patio. This is a significant drawback, especially considering the high demand for properties with outdoor space in London.

Given the property’s relatively small size (349 sqft), lack of outdoor space, and average condition, the list price of £400,000 seems high compared to the average price per square foot in the area (£1,027). While the location is desirable, the lack of bedrooms and limited space significantly impact its value. The average price for properties in the area is considerably higher (£1,544,655), but these are likely larger properties with more amenities. The price point may appeal to investors or individuals seeking a smaller, more affordable property in a prime location, but it might be challenging to find a buyer willing to pay this price given the property’s limitations.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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