Foxtons says ..

Property Oracle says ..

The property is a studio flat located in Bermondsey, London, with a list price of £240,000. The flat is 242.40 sqft and has a plot size of 308.00 sqft. The average price for properties in the area is £294,997, and the average price per sqft is £262.00. The property appears to be in good condition based on the provided images; the flat looks clean, modern, and well-maintained. The kitchen and bathroom are modern and functional. There is no evidence to suggest any significant issues requiring renovation. The presence of a small, well-maintained garden adds to the property’s appeal.

The location in Bermondsey, South London, is convenient, with several schools (including some with outstanding Ofsted ratings) within a reasonable distance. Public transportation links are also readily available, with several train stations within approximately 2 KM. This adds to the property’s desirability.

Considering the property’s condition, location, and size, the list price of £240,000 appears to be reasonable, potentially even slightly below the average price per sqft for the area. However, without more detailed information on comparable properties with similar features and size, a definitive conclusion on the price’s competitiveness cannot be made. The smaller size of this property compared to the average size in the area might explain the lower price.

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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