Lyss Homes says ..

Property Oracle says ..

This one-bedroom flat located at Paynter House, Upton Gardens, in Newham, London, is a shared ownership property listed at £80,000. The property presents itself as modern and well-maintained. Photos indicate a contemporary interior with clean lines and what seems to be good-quality modern fittings and fixtures. The property includes a small balcony, which while not a garden, offers some outdoor space.

The location is convenient, given proximity to several transport links, offering accessibility to other parts of London. A number of primary schools are within walking distance. The immediate environment, while functional, might not be considered one of London’s most sought-after areas. The price of the property is relatively low compared to many London properties; however, given the property is a shared ownership scheme, the total price would be far higher, meaning the listed price alone is not a true reflection of cost. The specifics of the shared ownership agreement, and precisely what percentage of the property is being sold, would influence the value assessment. More information, particularly on the square footage of comparable properties in the surrounding area, would enable a more accurate evaluation of price per square foot and relative value. It is important to consider that shared ownership is often chosen for affordability, but it should not be underestimated that the buyer would potentially be required to pay a significant amount more in the future.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images