Felicity J Lord says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment located in the Lansbury area of Tower Hamlets, London. It is listed at £440,000 and has 804 sqft of living space. The average price for a property in the area is £495,011, with an average price per sqft of £640. The apartment appears to be in excellent condition, with modern fixtures and fittings throughout. The images show a recently renovated or newly built property with a contemporary design. There is no evidence of wear and tear or the need for any significant repairs. While the listing doesn’t specify a plot size, the exterior images show a small balcony. There doesn’t appear to be a garden. Considering the average price per sqft in the area (£640) and the property’s size (804 sqft), the expected price would be approximately £514,560. The listing price of £440,000 is therefore below the average price per sqft for the area. However, this needs to be considered in the context of other comparable properties. The nearby listings show a range of prices, with some properties being listed for significantly less than the average price per sqft. The lack of plot size information for comparable properties makes a precise comparison difficult. The location appears to be convenient, with several schools and transportation links within a reasonable distance. The presence of outstanding-rated primary schools nearby is a positive factor for families. The proximity to public transportation is also advantageous.

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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