RE/MAX Central says ..

Property Oracle says ..

This one-bedroom flat on Gloucester Terrace in Bayswater presents a mixed bag. Its location is undeniably its strongest asset. Bayswater is a highly sought-after area of London known for its elegant architecture, proximity to Hyde Park, and excellent transport links. Paddington Station is within easy reach, providing access to various parts of London and beyond. Several well-regarded schools are also nearby, making it an attractive option for families.

However, the property’s condition appears to be somewhat dated. The kitchen and bathroom, in particular, could benefit from a refurbishment to bring them up to modern standards. While the property is clean and functional, it lacks the modern amenities and aesthetic appeal that would command a higher price. The absence of a garden or any outdoor space is a notable drawback, especially considering the premium placed on outdoor space in London.

In terms of pricing, £360,000 for a one-bedroom flat in Bayswater is reasonably competitive, but not exceptionally good value. While the location justifies a high price point, the property’s condition and lack of land suggest that some negotiation on the asking price might be possible. Potential buyers should carefully weigh the benefits of the location against the need for renovations and the absence of outdoor space before making an offer.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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