Next Move says ..

Property Oracle says ..

Location: Manor Road is located in Stamford Hill West, Hackney, which benefits from being close to several London Overground stations, including Stoke Newington (0.54km), Stamford Hill (0.81km), and Rectory Road (1.40km). The area also has a number of schools within a reasonable distance, including Holmleigh Primary School (0.41km), which has an ‘Outstanding’ Ofsted rating. This positive aspect is counterbalanced by the presence of schools with ‘Inadequate’ Ofsted ratings nearby, suggesting a mixed educational landscape. The average house price on Manor Road itself is significantly higher than the subject property’s list price, indicating that while the location is desirable, the specific property’s value may not fully reflect this.

Condition: The property appears to be in generally good condition based on the images provided. While some aspects might benefit from modernisation, there is no apparent evidence of significant disrepair or the need for extensive renovations. The property has retained some of its period features, which is a positive attribute. The kitchen and bathroom appear recently updated.

Land: The property has a small plot size of 328 sqft, which is equal to the size of the property itself. This suggests a lack of outdoor space, which is a common feature of flats in urban areas like Hackney.

Price: The list price of £300,000 is significantly lower than the average price for the area (£592,059). However, the property’s size (328 sqft) is considerably smaller than the average (1,677 sqft). The average price per sqft in the area is £353, while the subject property is priced at approximately £911 per sqft. This suggests the property may be overpriced for its size, even considering its location. Nearby comparable properties show a wide range of prices, with some significantly higher and others lower. The lack of sqft data for many comparable properties makes a precise comparison difficult.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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