Truepenny's Property Consultants says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located in Wivenhoe Close, London, SE15. The flat is 510 sqft and is listed at £290,000.

The property appears to be in good condition. The photos show a modern, well-maintained flat with a recently updated kitchen and bathroom. There is no evidence of significant wear and tear or the need for renovation. The flat benefits from a small balcony.

The location is good, with several primary schools within a short distance, all rated ‘Good’ by Ofsted. Peckham Rye train station is also conveniently located, providing easy access to central London.

Given the average price per sqft in the area is £746, and this property is listed at £568 per sqft (£290,000 / 510 sqft), the list price appears to be reasonable, especially considering the good condition and convenient location. However, it’s important to note that the average price for the area is significantly higher (£641,305), suggesting that this property may be undervalued, potentially due to its smaller size or the fact that it’s a flat rather than a house. Nearby comparable properties show a range of prices, some higher and some lower than the list price, further supporting the conclusion that the price is within a reasonable range for the area.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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