Hunters says ..

Property Oracle says ..

The property is a two-bedroom apartment located in the Old Kent Road area of Southwark, London. The list price is £400,000, and the property has 836.36 square feet of living space. The average price for properties in the area is £294,997, with an average price per square foot of £262. The apartment appears to be in reasonable condition, though some minor updates or cosmetic improvements may be desirable. The kitchen and bathroom show signs of wear and tear, and the bedrooms appear somewhat cluttered in the provided images, making it difficult to assess their condition fully. The property does not have a garden, as indicated by the plot size of 0.00 sq ft. The location benefits from proximity to several schools, including Phoenix Primary School and Harris Academy Bermondsey, both rated as Outstanding by Ofsted. Several transport links are also within a reasonable distance, including South Bermondsey and Peckham Rye train stations. The average price per square foot for nearby streets varies significantly, ranging from £0 to over £500,000. This suggests a wide range of property values in the immediate vicinity. Considering the property’s condition, the lack of outdoor space, and the local market data, the asking price of £400,000 seems slightly above average for the area. While nearby properties have sold for similar or higher prices, the condition of this specific apartment and its smaller size compared to the area average might justify a lower price point. However, the proximity to good schools and transport links may support the current asking price.

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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