Mortemore Mackay says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment in Barnet, London, listed at £350,000. The apartment is situated within Princess Park Manor, which appears to be a well-maintained building with attractive exterior architecture. The interior photos show a reasonable level of finish, though some aspects might benefit from modernisation. The apartment has a relatively small living space at 563 sqft, which is considerably smaller than the average for the area (926 sqft). The lack of plot size data prevents a full assessment of outdoor space. The location benefits from proximity to several schools with a ‘Good’ or ‘Outstanding’ Ofsted rating, which are within a reasonable walking distance. New Southgate train station is also relatively close, providing convenient access to public transportation. However, the average property price in the area (£516,758) is significantly higher than the list price of this property. The average price per sqft in the area is £558, while this property is priced significantly lower, potentially due to its smaller size or other factors. Considering the property’s condition, which appears to be generally good but could benefit from some updating, its location near schools and transportation, and the significant difference between its price and the average price per sqft in the area, the price seems relatively low compared to the area average. However, without knowing the specifics of the property’s condition and the exact nature of the surrounding area, it’s difficult to definitively assess the value. Further investigation might be needed to fully understand the pricing rationale.

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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