Lux Homes says ..

Property Oracle says ..

The property is a two-bedroom, one-bathroom flat located in Norfolk Court, Chadwell Heath, Redbridge, Greater London. It has a floor area of 513.19 sqft and a plot size of 667 sqft. The list price is £270,000. The property appears to be in good condition based on the provided photos. The interior is modern and well-maintained, with a recently updated kitchen and bathroom. The images show a clean and well-presented space. The property benefits from allocated parking and a balcony, which are attractive features. The presence of a communal green space is also a positive aspect, offering some outdoor amenity. However, the plot size is relatively small compared to other properties in the area. Considering the average price of properties in the area (£365,971) and the average price per sqft (£430), the list price of £270,000 for this 513.19 sqft flat appears to be relatively low. However, it is important to note that the average price and price per sqft may not be directly comparable due to differences in property type and size. The lack of sqft data for nearby properties makes a precise comparison difficult. The property’s location near Chadwell Heath train station (TfL Rail) and several well-regarded schools (Newbridge School and Grove Primary School both rated as Outstanding by Ofsted) are positive factors that could influence its value. Given the property’s condition, location, and amenities, the list price seems reasonable, potentially even below market value, considering comparable properties in the area. Further investigation into the specific details of similar properties sold recently would provide a more precise valuation.

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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