Bairstow Eves says ..

Property Oracle says ..

The property is a 1-bedroom apartment located in Waddon, Croydon, with a list price of £240,000. The apartment is 415 sqft and situated on a 513 sqft plot. The property appears to be in good condition based on the provided photos. The apartment has recently been refurbished with a modern kitchen and bathroom. The flooring is in good condition and the walls are freshly painted. There is no evidence of significant repairs or renovations needed. The location is convenient to Waddon train station and tram links, making it easily accessible to central London and other parts of the city. Several schools are also within a reasonable distance, including The Write Time (0.35 km), The Minster Junior School (0.47 km), and Harris Primary Academy Purley Way (0.78 km). The presence of nearby amenities and transportation options makes this a desirable location for many buyers. The property includes a small garden area, which is a positive feature for a one-bedroom apartment. While not extensive, it provides some outdoor space. Considering the average price per sqft in the area (£686) and the property’s size (415 sqft), a rough estimate of the property value would be around £284,000 (£686 x 415). However, the average price for properties in the area is significantly higher (£779,634), suggesting that this property is priced lower than average. This could be due to the smaller size and the fact that it is an apartment rather than a house. The list price of £240,000 appears reasonable given the condition, location, and available land, especially when compared to similar nearby listings. However, it is important to note that the average price per sqft is based on larger properties and may not be directly comparable. Further investigation into comparable properties in the area is recommended to confirm the accuracy of the list 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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