Coultons says ..

Property Oracle says ..

This property is a 1 bedroom, 1 bathroom apartment located in North Chingford, London. The apartment is modern and appears to be in excellent condition, with a well-equipped kitchen and a contemporary bathroom. The living space is open-plan and bright. The property also benefits from a private balcony.

The location is reasonably convenient, with several schools within a 1.26km radius. The Ofsted ratings of these schools vary, with one rated as “Outstanding” and another as “Requires improvement”. Transportation links are also relatively close, with Chingford station approximately 1.54km away, providing access to the London Overground.

While the apartment itself is in excellent condition, the lack of plot size is a significant factor. The average price per sqft in the area is £527, and while the list price of £340,000 is below the average house price of £583,615 in the area, the significantly smaller size of this apartment (678 sqft compared to the average of 1106 sqft) means the price per sqft is higher than average. Nearby comparable properties support this observation, with similar apartments ranging from £325,000 to £390,000.

Considering the condition, location, and size, the asking price of £340,000 seems reasonable within the context of the local market for apartments of this size and type. However, buyers should carefully consider the lack of outdoor space beyond the small balcony.

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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