Patrick Henry says ..

Property Oracle says ..

Balham, located in the London Borough of Wandsworth, is a highly sought-after residential area known for its vibrant atmosphere, excellent transport links, and proximity to green spaces such as Wandsworth Common. The property’s location on Hazelbourne Road places it within easy reach of Balham station, providing convenient access to the Northern Line and various bus routes. This ensures good connectivity to central London and other parts of the city. The presence of highly-rated schools nearby, such as La Retraite Roman Catholic Girls’ School, further enhances the desirability of the area for families.

Based on the provided images, the property appears to be in excellent condition. It has been recently renovated or refurbished to a high standard, with a modern kitchen and bathroom. The interior is clean, bright, and well-maintained, suggesting minimal need for repairs or upgrades. The property benefits from a well-maintained private garden, adding to its appeal and providing outdoor space.

Considering the property’s location in a desirable area, its excellent condition, and the inclusion of a private garden, the list price of £625,000 appears reasonable. While the average price for properties in the area is significantly higher (£1,002,750), this figure reflects a broader market average and doesn’t account for the specific features and size of this particular property. The average price per square foot in the area is £959, while the property’s price per square foot, based on its 690 sq ft size, is approximately £906. This suggests the property is priced slightly below the average for the area, making it potentially good value for money, especially considering its condition and the inclusion of a private garden which is a rare feature in flats in this area. The nearby comparable properties support this assessment, showing a range of prices reflecting the variations in size and condition.

The property benefits from a private garden, a valuable asset in a densely populated urban area like Balham. This adds to the overall desirability and potential rental income of the property.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images