Michael Steven says ..

Property Oracle says ..

The property is a 1-bedroom flat located in Medici Close, Goodmayes, Ilford, with a list price of £225,000. The flat is 537.66 sqft and has a plot size of 490.40 sqft.

The property benefits from a good location, being close to several schools including Farnham Green Primary School (0.54km) and Barley Lane Primary School (0.57km), both rated ‘Good’ by Ofsted. Goodmayes train station is also within reasonable proximity (1.04km), providing convenient access to transport links.

Based on the images provided, the property appears to be in good condition. The interior is modern and well-maintained, with a recently updated kitchen and bathroom. There is no apparent need for major renovations.

While the plot size is relatively small for a property in this area, it does include a balcony/patio area overlooking a green space. This adds to the overall appeal.

Considering the average price per sqft in the area is £376, and the property is listed at £225,000, the price seems reasonable, especially given its modern condition and convenient location. The average price for properties in the area is significantly higher (£462,857), suggesting this property could represent good value for money, particularly for a first-time buyer or investor. However, it’s important to note that the average sqft in the area (1229 sqft) is considerably larger than this property. Nearby comparable properties support the listing price, with similar properties selling for between £230,000 and £285,000.

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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