Cluttons says ..

Property Oracle says ..

The property is a 2 bedroom, 2 bathroom apartment located in Lion Court, 28 Magdalen Street, London, SE1. The apartment is 582 sqft and situated on a plot of 832 sqft. The list price is £800,000.

The apartment appears to be in excellent condition. The images show a modern, well-maintained property with a contemporary kitchen and bathrooms. There is no visible evidence of wear and tear or the need for renovation.

The property benefits from a communal garden area, which is a desirable feature in a central London location. While not a large private garden, the communal space provides outdoor amenity.

Considering the average price per sqft in the area is £1090, and this apartment is listed at £800,000, the price per sqft is approximately £1375. This is significantly higher than the average for the area. However, the property’s modern condition and central London location, close to London Bridge, could justify a premium. Several nearby comparable properties are listed at higher prices, although sqft data is unavailable for comparison. The relatively small size of the apartment compared to the average in the area may also contribute to the higher price per sqft. Further investigation into the specific features and amenities of comparable properties would be needed to provide a more definitive assessment of the price reasonableness.

The location is excellent. The property is situated in central London, close to London Bridge station providing easy access to public transport. Several highly-rated primary schools are within walking distance, making it an attractive location for families.

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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