Foxtons says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom flat located at The Silverton, Royal Docks, E16 in Newham, London. The flat is 813 sqft and is listed at £540,000. Nearby comparable properties range from £300,000 to £420,000, with one other property listed at £540,000. The average price for properties in the area is £321,875, with an average price per sqft of £351. This property is significantly above the average price for the area. The images show a modern, well-maintained flat with a contemporary design. The kitchen and bathroom appear to be newly fitted and in excellent condition. The living area is spacious and bright. There is a small balcony. The overall condition of the property appears to be excellent. The property does not appear to have a significant amount of land, given that it is a flat. Considering the property’s location in the Royal Docks area, proximity to several good schools (Drew Primary School and Calverton Primary School are rated as “Good” by Ofsted), and relatively easy access to public transportation (several Southeastern train stations within a reasonable distance), the location is favorable. However, the proximity to industrial areas may be a drawback for some buyers. Given the high list price compared to other nearby properties, the price may be considered high, especially considering the lack of plot size. However, the modern condition, location, and the presence of another property listed at the same price suggest that the asking price may be justified in the context of the current market conditions within the specific development. Further analysis of the local market and recent sales data would be required to provide a more definitive assessment of the price.

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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