Felicity J Lord says ..

Property Oracle says ..

The property is a 2-bedroom apartment in Greenwich, London, listed at £280,000. The apartment has a size of 675 sqft and is situated in close proximity to Woolwich Arsenal station (0.24 KM), offering convenient access to Southeastern train services. Several primary schools with outstanding Ofsted ratings are within a short distance (e.g., St Peter’s Catholic Primary School, 0.29 KM; Foxfield Primary School, 0.43 KM). This suggests a family-friendly location with good transport links. The images show a well maintained apartment with a modern kitchen and a balcony, suggesting the property is in good condition. However, the lack of plot size information prevents a comprehensive assessment of the land aspect. Considering the average price per sqft in the area (£503) and the property’s size (675 sqft), a rough estimate of its value would be around £340,000. The listed price of £280,000 is significantly lower than this estimate. However, further investigation into the specifics of the apartment’s leasehold details (if applicable) and the condition of the building would be necessary to fully ascertain the value. The lower price may reflect market conditions or specific factors related to the property itself. Nearby comparable listings vary significantly in price, ranging from £220,000 to £499,995, indicating a wide range of property values in the area.

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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