John D Wood & Co. Sales says ..

Property Oracle says ..

This property is a 2-bedroom, 2-bathroom flat located in Lancaster Gate, Westminster, London. The list price is £2,050,000, and the property has 487.04 sqft of internal living space and a 1,059 sqft plot. The area has an average price of £1,984,141 and an average price per sqft of £2,053. The property is situated in Lancaster Gate, a prestigious area of London known for its affluent atmosphere and proximity to Hyde Park. The area benefits from excellent transport links, with Paddington Station within walking distance, providing access to various rail and underground lines. Several highly-rated schools are also nearby, making it an attractive location for families. Based on the provided images, the property appears to be in excellent condition. It has been recently renovated or refurbished to a high standard, with modern fixtures and fittings throughout. The interior is well-maintained and stylish. There is no evidence of any significant repairs or renovations required. The property benefits from a relatively large plot size of 1,059 sqft, which is substantial for a flat in central London. While not a large garden, it includes a private terrace offering outdoor space, a rare and valuable feature in this location. Considering the property’s location in Lancaster Gate, its excellent condition, and the inclusion of a private terrace, the list price of £2,050,000 appears to be in line with, or slightly below, market value. The average price per sqft in the area is £2,053, and while the property’s sqft is not exceptionally large, the premium location and condition justify the price. Nearby comparable properties support this assessment, although some variations exist due to differences in size and features. The property’s features, including its location, condition, and outdoor space, contribute to its overall desirability and justify its price point within the context of the London property market.

Therefore, we give this property 9 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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