Felicity J Lord says ..

Property Oracle says ..

The property is a one-bedroom apartment located on Commercial Road in London’s E1 postcode. It’s situated in the Stepney Green area of Tower Hamlets. The apartment has a total area of 474.90 sqft and includes a private balcony. The list price is £300,000. The area benefits from relatively close proximity to several transportation links, including Limehouse (c2c) at 0.75km, and several Overground and Underground stations within a 1.6km radius. There are also several schools nearby, including Marion Richardson Primary School (Good Ofsted rating) at just 0.04km distance. Based on the provided images, the apartment appears to be in reasonably good condition, though some minor updates or cosmetic improvements might enhance its appeal. The kitchen and bathroom show signs of age, but seem functional. The flooring appears to be recently updated. The private balcony offers additional outdoor space. While the property includes a balcony, it does not appear to have a substantial garden. Considering the list price of £300,000, the average price in the area is significantly higher at £583,261. The average price per sqft is £731, while this property is listed at a lower price per sqft. However, this lower price per sqft may be justified by the smaller size of the property and its condition compared to other properties in the area. Nearby comparable listings show a range of prices, with some significantly higher, suggesting that the £300,000 price may represent reasonable value for a one-bedroom apartment in this location, given its size and condition. However, further analysis of comparable properties with similar sqft and condition would be needed to confirm this.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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