Iconique International says ..

Property Oracle says ..

The property is a 5 bedroom penthouse located in Oval, Lambeth, in the desirable SW8 postcode. The area benefits from excellent transport links, with Vauxhall station only 0.73km away, providing easy access to various rail services. Several highly-rated primary schools are within a 1km radius, including Wyvil Primary School and Herbert Morrison Primary School, both rated Outstanding by Ofsted. This makes the location highly attractive to families. Based on the provided images, the property appears to be in excellent condition. It boasts a contemporary, high-end finish throughout, with modern fixtures and fittings. The spacious rooms are well-lit and beautifully presented, showing no signs of wear and tear or needing any renovation. The property’s plot size is substantial at 3,026.81 sqft. While not explicitly stated as a garden, the images suggest the possibility of private outdoor space, which adds to the overall appeal and value of the property. The list price of £7,870,000 is significantly higher than the average property price in the area (£1,632,098). However, considering the size (1,727.61 sqft), type (penthouse), location, condition, and the potential for private outdoor space, the price may be justified within the context of the luxury property market in SW8. The average price per sqft in the area is £1,667.00; however, this figure does not account for the premium associated with penthouses in prime locations. The nearby comparable sale of a property for £6,636,000, although lacking sqft data, supports the assertion that this penthouse is priced within the range of similar high-value properties in the area. Further analysis of comparable penthouse sales in the immediate vicinity would provide a more precise assessment of the price’s reasonableness.

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

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