Pedder says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located in Peckham, London. The flat is 103.20 sqft and is listed at £280,000. The average price for properties in the area is significantly higher at £613,278, with an average price per sqft of £678. Nearby properties of similar type range from £118,500 to £139,995, significantly lower than the list price of this property. However, these properties may differ in size and condition. The flat appears to be in good condition based on the provided images. The kitchen and bathroom have been recently updated and are modern. The living area is well-presented and spacious for a 1-bedroom flat. There is no evidence of significant repairs or renovations needed. While the provided data doesn’t specify the existence of a garden, the images suggest the property may have access to communal outdoor space, though this cannot be confirmed. Given the average price per sqft in the area is £678 and the property is listed at £280,000, the price per sqft for this property is approximately £2711. This is significantly higher than the area average. Considering the smaller size and the lower prices of comparable properties, the list price appears high relative to the area and similar properties. However, the modern condition of the flat and its location may justify a higher price per sqft than the area average. The property’s location is close to several transport links and schools, which are positive factors influencing its value.

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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