Hamptons Sales says ..

Property Oracle says ..

This 2-bedroom, 2-bathroom apartment located at 10 High Timber Street in the City of London is listed at £749,950. The property is situated within a Grade II listed building offering a prime central London location. The apartment benefits from a balcony and access to a porter service, and is within walking distance of several public transportation options, including Cannon Street and Blackfriars train stations. Schools such as St. Paul’s Cathedral School and the City of London School are nearby, providing convenient educational opportunities. However, the images reveal that the property is in need of modernization. While offering some features like hardwood floors, the kitchen and bathrooms appear dated, and the walls and paintwork require attention. Given the lack of additional outside space beyond the balcony, and the condition of the property, buyers should account for substantial renovation costs in their calculations. The price is competitive considering the location, but prospective buyers must factor in renovation costs before making a final decision. The average price for nearby flats varies greatly from £500,000 to over £1,000,000, illustrating the diversity of properties available in the area. The property requires significant renovation, which influences its current value, suggesting that a purchase is an investment and not a move-in-ready option.

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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