Bairstow Eves says ..

Property Oracle says ..

The property is a two-bedroom flat listed at £350,000. The flat is situated in Wanstead Park, Redbridge, which benefits from being close to Wanstead Park and several transport links including the London Overground. The proximity to Aldersbrook Primary School (rated Outstanding by Ofsted) is a significant positive for families. The images reveal a property that appears to be in good condition. The interior is presented well, with a modern feel. There is no evidence of significant repairs or renovations needed. The kitchen and bathroom appear recently updated or well-maintained. The property lacks a garden, as indicated by the plot size of 0.00 SQFT. This is a factor to consider, especially for those seeking outdoor space. Considering the average price per square foot in the area (£388), and the property’s size (548.96 SQFT), a rough estimate of the value would be around £212,852. The list price of £350,000 is significantly higher than this estimate. However, this discrepancy may be explained by the desirable location and the fact that the average price and price per sqft are based on larger properties (average 1,811 SQFT). The lower average price of nearby flats (£300,000 and £198,500) suggests the list price may be at the higher end of the market for flats in the area. More information on comparable properties with similar sizes would be helpful to confirm the price reasonableness. In summary, the property presents itself well, in a convenient location with good schools nearby. The lack of outdoor space is a drawback. The list price is higher than a simple calculation of average price per sqft would suggest, but appears to be within the range of similar properties in the area.

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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