EweMove says ..

Property Oracle says ..

Limehouse is a popular area in East London, benefiting from its proximity to Canary Wharf and the City. The area has seen significant regeneration in recent years, resulting in improved infrastructure and amenities. The presence of several primary schools within a short distance is a positive aspect for families. Public transport links, including the c2c line and various bus routes, provide convenient access to other parts of London. The canal-side location adds to the area’s appeal, offering scenic walks and waterside living. However, it’s worth noting that property prices in Limehouse are generally high, reflecting its desirability.

Based on the provided images, the property appears to be in good condition. The interior is modern and well-maintained, with clean lines and updated fixtures. The kitchen and bathrooms look recently updated or well-maintained. There is no visible evidence of significant wear and tear or the need for extensive renovations. The external view shows a modern building, integrated well into its surroundings.

The property lacks a private garden, which is a common feature for flats in urban areas. The available space is limited to a balcony overlooking the canal.

Considering the property’s location in Limehouse, its modern condition, and the lack of outdoor space, the list price of £625,000 seems relatively reasonable compared to the average price of £826,917 for the area. While the average price per square foot is £820, this property is smaller than the average at 860 sqft, and the overall price is slightly below the average for the area. Nearby comparable properties on Basin Approach and Island Row support this assessment, showing prices ranging from £362,500 to £640,000. The property benefits from a modern design and desirable location, which may justify the price. However, the absence of a garden and smaller size compared to the average property in the area should be taken into account.

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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