Acorn says ..

Property Oracle says ..

The property is a 1 bedroom, 1 bathroom apartment located on Philip Walk in Peckham, London. The apartment is 503 sqft and is listed at £425,000.

The property benefits from a good location, being close to Peckham Rye station (0.76km) providing links to central London. Several well-regarded primary schools are also within a short distance, including Rye Oak Primary School (0.17km) and St Mary Magdalene Church of England Primary School (0.34km), both rated ‘Good’ by Ofsted. The proximity to these amenities is a positive factor for potential buyers.

Based on the provided images, the property appears to be in excellent condition. It has been recently renovated or modernised to a high standard, with a contemporary kitchen and bathroom. The décor is stylish and well-maintained, suggesting minimal need for repairs or renovations. The property also boasts a private garden, which is a desirable feature in a London property.

Considering the average price per sqft in the area (£746) and the property’s size (503 sqft), a rough estimate of the expected price would be around £375,000. However, the actual list price is £425,000. While this is higher than the estimated value based on average prices, the property’s excellent condition, private garden, and convenient location justify the higher price. The recent sales of nearby properties (e.g., £608,500 for 11a Philip Walk) indicate that prices in the area can exceed the average. Therefore, while slightly above the average price per sqft, the list price is reasonable considering the overall quality and desirability of the property.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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