Oliver Jaques says ..

Property Oracle says ..

This property is a 3-bedroom flat located in Lockwood Square, London, SE16. The flat is situated within a short distance of several public transportation options, including South Bermondsey train station (1.09km), Wapping Overground station (1.12km), and Rotherhithe Overground station (1.15km). There are also several highly-rated schools nearby, such as Riverside Primary School (0.60km) and Galleywall Primary School (0.67km), both rated as Outstanding by Ofsted. The property itself benefits from a private balcony, as shown in the provided images. The internal images suggest a reasonably modern and well-maintained flat, with a recently updated bathroom and kitchen. The kitchen includes integrated appliances and ample storage space. The bedrooms are of a good size, with built-in wardrobes in at least one of the rooms. The property includes a private balcony offering some outdoor space. The list price of £450,000 is slightly below the average price for the area (£735,562), and considering the property’s condition and proximity to amenities, it could represent good value for money. However, it should be noted that the average price per square foot in the area is £868, while this property is listed at a lower price per square foot. This could suggest a potential undervaluation or a need for further investigation into the specific reasons for the lower price.

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