Pure Investor says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located in Hackney Wick, London, with a list price of £210,000. The apartment is 701 square feet and has no outdoor space. The property appears to be in reasonable condition based on the provided photos. While the interior is relatively clean and well-maintained, some minor updates or cosmetic improvements could enhance its appeal. The kitchen and bathroom appear functional but could benefit from modernizations. The location in Hackney Wick offers proximity to several transportation links, including the London Overground. The area also has numerous schools within a reasonable distance, with some receiving good Ofsted ratings. However, the lack of a garden is a notable drawback, particularly in comparison to other properties in the area. Considering the average price per square foot in the area is £295, and the average property price is significantly higher at £653,940, the list price of £210,000 for this 701 sq ft apartment seems relatively low. However, the lack of plot size and the need for potential modernization should be factored into the overall assessment. Nearby comparable properties show a wide range of prices, suggesting that the market in this specific location is quite varied. Some properties are listed at significantly higher prices, while others are more in line with the subject property’s list price. This suggests that the price is potentially reasonable, given its condition and the lack of outdoor space.

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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