Galloways says ..

Property Oracle says ..

The property is a 1-bedroom flat located in Penge, London. It’s situated on Croydon Road, close to several transportation links including Birkbeck station (Govia Thameslink Railway and Southern) which is 0.66km away. There are also several other stations within a 1.5km radius offering good connectivity. The area also benefits from several well-regarded schools such as Stewart Fleming Primary School (Outstanding Ofsted rating) and St Anthony’s Roman Catholic Primary School (Good Ofsted rating) both within a 0.7km radius. This suggests a convenient location for families and commuters.

The flat itself appears to be in good condition based on the provided images. The interior is clean and well-maintained, with a modern bathroom and kitchen. There is evidence of some modernisation, but the property retains a traditional character. The communal grounds are well-kept, offering a pleasant outdoor space. The lack of a private garden should be noted.

Considering the average price per square foot in the area is £528, and the property is listed at £240,000 with a size of 525 sqft, this translates to approximately £457 per sqft. This is significantly lower than the area average, suggesting that the list price may represent good value for money, especially given the property’s apparent good condition and convenient location. However, the lack of plot size information prevents a more detailed analysis of the price relative to land value.

Based on the available data, the property presents a good value proposition for a buyer seeking a well-maintained flat in a convenient location with access to transportation and schools. The lower-than-average price per square foot is a notable advantage. The absence of a private garden is a factor to consider.

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

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