W J Meade says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom flat located in Furlong Court, Mile End, E3, within the London Borough of Tower Hamlets. The flat is 773.15 square feet and is listed at £500,000. The location benefits from being close to several well-regarded primary schools such as St Paul With St Luke Cofe Primary School and Stebon Primary School, both rated ‘Good’ by Ofsted. Mile End also has good transport links, with Limehouse station (c2c) being only 1.28km away. The proximity to these amenities makes the location score relatively high. Based on the provided images, the property appears to be in excellent condition. It is modern, with a contemporary kitchen and bathrooms. The finishes are high quality and the property looks well-maintained. There is no visible evidence of wear and tear or the need for renovation. The property has a balcony, offering some outdoor space, although the plot size is recorded as 0.00 sqft. This limits the land score somewhat. Considering the average price of £428,040 and average price per square foot of £457 in the area, and given the property’s modern condition and good location, the list price of £500,000 appears to be on the higher end of the market, but not unreasonable considering similar properties in the area. Nearby comparable properties range from £350,000 to £620,000, suggesting that while the list price is higher than the average, it’s within the range of comparable properties in the area. The lack of plot size data makes it difficult to fully assess the value.

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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