Kingsly Estate Agents says ..

Property Oracle says ..

The property is a 2-bedroom flat located in Tollington Park, London, with a list price of £280,000. The flat is 830.35 sqft and situated on a 668 sqft plot. The property is in need of significant renovation. The images show extensive water damage to the ceilings and walls, indicating potential structural issues requiring professional assessment and repair. The kitchen and bathroom also appear outdated and in disrepair. This will add substantially to the overall cost of ownership. The location is positive, with several good schools within a short distance, including St Mark’s Cofe Primary School and Arts And Media School Islington, both rated ‘Good’ by Ofsted. Several transport links are also nearby, offering convenient access to central London. While the average price for properties in the area is significantly higher at £650,952, this figure is skewed by larger properties and those in better condition. Considering the property’s condition, the list price of £280,000 may seem reasonable, provided a buyer is factoring in the substantial renovation costs. The average price per sqft in the area is £756, and while this property is slightly below average in size, the significant renovation needed offsets any potential savings from the lower price. Based on the images, the property requires extensive renovation. The presence of water damage and general disrepair suggests a considerable amount of work is needed before the property is habitable. The property’s plot size is relatively small, but sufficient for a flat of this size. There is no garden visible in the provided images. In summary, this property presents a significant renovation project. The location is desirable, and the list price may be considered reasonable given the need for extensive work, but buyers should prepare for considerable additional expenditure.

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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