Oliver Jaques says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located in New Cross, Lewisham, with a list price of £250,000. The apartment has a size of 230.93 sqft and is situated on a plot of 322 sqft. The location benefits from its proximity to several transportation options, including South Bermondsey station (0.96 km), Queens Road Peckham station (1.17 km), and New Cross Gate station (1.23 km), offering convenient access to various parts of London. Several schools are also within a reasonable distance, including Kender Primary School (0.67 km) which has a ‘Good’ Ofsted rating. The images show a modern apartment that appears to be in good condition. The finishes are contemporary, and the property looks well-maintained. There is no evidence of significant repairs or renovations needed. While the plot size is relatively small, it does offer some outdoor space, which is a positive factor in the London market. The lack of a substantial garden is typical for apartments in this area. Considering the average price of similar properties in the area (£409,152) and the average price per sqft (£671), the list price of £250,000 for this 230.93 sqft apartment seems relatively low. However, it’s important to note that the average price per sqft is likely influenced by larger properties in the area. The smaller size of this property and the lack of information on the specifics of the building (e.g., amenities) make a definitive statement on price difficult. The nearby listings show a range of prices, with some comparable 1-bedroom apartments listed at similar or slightly lower prices. Therefore, while the price appears low compared to the overall average, it is within the range of comparable properties in the immediate vicinity.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images