Alex & Matteo says ..

Property Oracle says ..

The property is located in New Cross, Lewisham, which is a popular area in South East London. New Cross benefits from good transport links, with New Cross Gate Overground station only 0.31km away, providing easy access to central London and other parts of the city. There are also several bus routes serving the area. The presence of several primary schools within a short distance, including some rated ‘Good’ by Ofsted, makes the location attractive to families. However, the area’s popularity also means that property prices tend to be high.

Based on the photos, the property appears to be in good condition. It has been recently modernised and well-maintained. The kitchen and bathrooms look new or very recently renovated. There is no visible evidence of significant repairs or renovations required.

The property includes a garden, which is a desirable feature in London. The garden is of a reasonable size for a property of this type, offering space for outdoor relaxation and entertaining. The presence of a shed suggests additional storage space.

The list price of £625,000 seems high compared to the average price of £409,152 for the area. However, the property is significantly larger than the average property in the area (1,087 sqft vs 609 sqft), and the average price per sqft in the area is £671, while this property’s price per sqft is £574. Considering its size, good condition, and desirable location, the price may be justified, although it is at the higher end of the market. Nearby comparable properties are limited in the provided data, making a definitive price comparison difficult. More information on the specifics of the comparable properties (size, condition, etc.) would allow for a more accurate assessment.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images