Savills says ..

Property Oracle says ..

The property is a penthouse apartment located in Hoxton East & Shoreditch, Hackney, London. The location benefits from being close to several transport links including Shoreditch High Street Overground station (0.42km), Liverpool Street station (0.60km), and several London Underground stations within a 1.2km radius. The area also has a good selection of schools nearby, including two rated ‘Outstanding’ by Ofsted. This makes the location highly desirable, scoring well for convenience and family-friendliness.

Based on the provided images, the property appears to be in excellent condition. It is modern, well-maintained, and features high-quality finishes throughout. The design is contemporary and stylish. There is no visible evidence of wear and tear or the need for repairs or renovations.

The property does not have a traditional garden, as it is a penthouse apartment. However, it does boast a substantial private terrace offering expansive views of the city. This outdoor space is a significant feature, providing a valuable amenity often sought after in urban properties.

The list price of £4,500,000 for a 2,159 sq ft penthouse apartment seems high compared to the average price per sq ft in the area (£1,795). However, several factors justify this price. The property’s superior condition, modern design, and substantial private terrace contribute significantly to its value. Furthermore, the average price and sq ft data provided are averages across the area and do not account for the premium associated with penthouse apartments in prime locations such as this one. The nearby comparable listings, although limited in detail, suggest that prices for apartments in the building range from £650,000 to £1,690,000. While these are smaller apartments, they do not offer the same high-end finishes or expansive terrace space as this penthouse. Considering the location, size, condition, and amenities, the list price is likely reflective of the property’s true market value.

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

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