Next Move says ..

Property Oracle says ..

Stoke Newington is a highly sought-after area of London, known for its vibrant community, independent shops, and excellent transport links. The property’s proximity to several well-regarded primary schools, including Grazebrook Primary School (rated Outstanding by Ofsted) and St Mary’s Church of England Primary School (rated Good), adds significant value. The nearby London Overground stations provide easy access to other parts of London. This makes the location score high.

The property appears to be well-maintained and in good condition. The images show a clean and updated interior with original features such as fireplaces and wooden flooring. There is no visible evidence of significant repairs or renovations needed. The property benefits from a well-maintained garden, adding to its appeal and increasing the desirability.

The list price of £500,000 for a 412 sq ft flat in Stoke Newington is significantly below the average price for the area (£1,148,222). While the average price per sq ft is £876, this property’s price per sq ft is considerably lower. However, it’s important to note that the smaller size and flat type compared to the average house size in the area should be considered. Given the property’s condition, location, and inclusion of a garden, the price appears to be reasonable, if not potentially undervalued, relative to the market. The property seems to be priced competitively compared to other nearby listings, although the lack of sqft data for those listings makes a precise comparison difficult.

Based on the images provided, the property could be tagged as a ‘Period Property’ due to its original features and traditional character. The property is also in good condition and does not appear to need any renovation.

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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