Oliver Jaques says ..

Property Oracle says ..

The property is a three-bedroom, two-bathroom terraced house with a total area of 1,322 square feet and an 839 square foot plot. The list price is £700,000. The location in New Cross, Lewisham, benefits from being relatively close to several Southeastern and London Overground train stations, providing convenient access to central London and other parts of the city. The proximity to several schools, including Addey And Stanhope School and Grinling Gibbons Primary School (both rated ‘Good’ by Ofsted), adds to its family-friendliness. Based on the images, the property appears to be in excellent condition. It has been recently renovated or modernised to a high standard, with a modern kitchen and bathrooms. The extension to the rear of the property has created a significant amount of additional living space, which is a desirable feature. The property also benefits from a well-maintained garden. Considering the average house price in the area is £409,152 and the average price per square foot is £671, the list price of £700,000 for this property seems potentially high, especially given the relatively small plot size. However, the property’s excellent condition, modern features, and desirable location could justify a premium compared to the average price per square foot in the area. Further analysis of comparable properties in the immediate vicinity, with similar size and condition, would be needed to definitively assess the value.

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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