Turners says ..

Property Oracle says ..

The property is a one-bedroom, one-bathroom apartment situated in Ocean House, directly by Cheam train station. This offers excellent access to transport links, with Cheam station being only 0.05km away. The proximity to the station is a significant positive, facilitating easy commutes into central London and other areas. Several other stations are within a reasonable distance, providing additional transport options. Furthermore, the area boasts several well-regarded schools within a kilometre radius, including Cheam High School, which has an “Outstanding” Ofsted rating. This makes the location attractive for families and those seeking convenient access to education. The photos reveal a modern, newly built apartment in excellent condition. The interior is well-presented, with modern fixtures and fittings. There is no evidence of any significant repairs or renovations required. The building itself is also modern and well-maintained. The property lacks a private garden or outdoor space. The plot size is listed as 0.00 sqft, indicating that it is an apartment within a larger building. This is a common feature in apartment buildings and should be considered when assessing the property. Considering the list price of £305,000, the average price per sqft in the area is £565. The property is 452.08 sqft, suggesting a potential value of approximately £255,000 based on the average price per sqft. However, nearby comparable properties on Station Approach range from £295,000 to £425,000. These properties are also apartments, though the sqft is not provided. Given the property’s excellent condition, prime location next to Cheam station, and access to good schools, the list price appears to be at the lower end of the market value for similar properties in the area. The lack of outdoor space is a factor that might influence the price, but the overall desirability of the location and the modern condition of the apartment likely justify the asking price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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