Stirling Ackroyd says ..

Property Oracle says ..

The property is located in a vibrant area of East London, Kingsland Road, within the London Fields locality of Hackney. This area is known for its trendy atmosphere, independent shops, and proximity to various amenities. The presence of several well-regarded schools nearby, such as Our Lady And St Joseph Catholic Primary School (Outstanding Ofsted rating) and Holy Trinity Church Of England Primary School (Good Ofsted rating), adds to its family-friendly appeal. Excellent transport links are also a significant advantage, with several Overground stations within walking distance, providing easy access to other parts of London. However, the lack of plot size suggests a lack of outdoor space, which may be a drawback for some buyers.

Based on the provided images, the apartment appears to be in good structural condition but requires some finishing touches. The walls are bare, and flooring appears unfinished, suggesting the property is ready for a buyer to personalize and decorate to their tastes. The kitchen and bathroom appear functional and modern, though the overall impression is one of a property needing some finishing work to reach its full potential.

The list price of £450,000 for a 527.43 sqft apartment is relatively low compared to the average price of £816,866 for properties in the area. However, it’s important to note that the average sqft is 849, significantly larger than this property. The average price per sqft in the area is £962, which is considerably higher than the price per sqft implied by the list price of this property. The discrepancy may be due to the property needing some finishing work or the smaller size compared to average properties in the area. Further analysis of comparable properties in the area would be beneficial to determine a more precise valuation. The lack of plot size also impacts the overall value.

Considering the location, condition, and lack of outdoor space, the price may represent good value for money, particularly for buyers looking for a property to personalize and renovate. However, potential buyers should carefully weigh the cost of completing the finishing work against the overall cost of the property.

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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