Lyons London says ..

Property Oracle says ..

This one-bedroom, one-bathroom apartment located in The Saddler Building, Wharf Road, London, N1, is a shared ownership property listed at £165,000. The property boasts a modern, well-maintained interior as evidenced by the provided photographs, with a contemporary kitchen and bathroom. The apartment benefits from a private balcony providing additional outdoor space, although a small balcony is not a particularly desirable feature and might be viewed as a small addition. The location in Hoxton West offers good access to public transportation, with Old Street and Angel tube stations within reasonable proximity. There are also several schools and amenities in the area. However, the limited plot size and shared ownership model should be considered key factors when assessing the property. This property might be attractive to first-time buyers seeking a relatively affordable entry point into the London property market, or those looking for a well-located shared ownership property. However, the lack of substantial land is a significant limitation. The relative value of the property should be viewed in the context of comparable shared ownership properties in the area, as the given price would be drastically lower for a freehold apartment of comparable size and quality in the same area. Buyers should be aware that some limitations exist with shared ownership properties; this needs to be considered alongside the relative low pricing.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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