Sold Buy Simon says ..

Property Oracle says ..

The property is a two-bedroom, one-bathroom apartment with a total area of 43.40 sqft situated on a plot of 467.00 sqft. The list price is £285,000. The average price for properties in the area is significantly higher, at £466,319, with an average price per sqft of £444. This suggests the property may be underpriced compared to the average for the area. However, the average sqft of properties in the area is 1,050 sqft, considerably larger than the subject property. The smaller size of this property needs to be considered when comparing prices.

The property appears to be in reasonable condition based on the provided images. While some minor updating or cosmetic improvements might enhance the property’s appeal, there are no apparent major issues requiring significant repairs or renovation. The apartment benefits from a communal garden area, which is a positive feature, although it is not a private garden.

The location in Addiscombe East, Croydon, is convenient, with East Croydon train station being relatively close. The proximity to public transport links is a significant advantage for commuters. The presence of several schools within a reasonable distance is also a positive factor for families.

Considering the property’s size, condition, location, and the presence of a communal garden, the listed price of £285,000 appears to be relatively reasonable, particularly when considering the smaller size compared to the average property in the area. However, further investigation into the specifics of the property’s condition and any potential hidden issues would be beneficial.

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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