Foxtons says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom flat located on Lytham Street in the Faraday area of Elephant and Castle. The flat is 753.47 sqft and is listed at £525,000. Location: The property benefits from being close to several transport links, including Elephant and Castle station, providing access to various lines. Several well-regarded schools are within a short distance, including St Peter’s Church of England Primary School and Michael Faraday School, both rated ‘Good’ by Ofsted. This makes the location attractive to families. Condition: Based on the provided images, the property appears to be in good condition. The interior is modern and well-maintained, with a contemporary kitchen and bathrooms. There is no visible evidence of significant repairs or renovations needed. Land: The property does not appear to have a private garden; however, it includes a balcony offering some outdoor space. Price: The list price of £525,000 seems relatively high when compared to the average price of £294,997 for the area. The average price per sqft in the area is £262, while this property’s price per sqft is significantly higher. However, this could be justified by the property’s modern condition and convenient location near transport links and schools. Nearby comparable properties on Lytham Street itself show a range of prices, with some exceeding the list price, suggesting that the asking price might be within the market range for this specific location and type of property. Further analysis of comparable properties with similar features would be needed to confirm this.

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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