Oliver Jaques says ..

Property Oracle says ..

Spa Road, London, SE16 is located in the South Bermondsey area of Southwark, in Greater London. The property is a 1 bedroom, 1 bathroom apartment with a total area of 540.50 sqft and a plot size of 600 sqft. The list price is £450,000.

The property appears to be in excellent condition based on the provided photographs. The apartment is modern, clean, and well-maintained. The kitchen and bathroom are contemporary and appear recently updated. There is also a small private outdoor space, which is a positive feature.

The location is good. The property is within proximity to several highly-rated schools such as Harris Academy Bermondsey and St Michael’s Catholic College, both rated as “Outstanding” by Ofsted. Transport links are also readily available, with several train stations within a reasonable distance. The presence of Borough Market, a renowned food market, adds to the appeal of the area.

Considering the average price of properties in the area (£294,997) and the average price per sqft (£262), the list price of £450,000 for this 540.50 sqft apartment seems slightly high. However, the property’s excellent condition, the inclusion of a private outdoor space, and its proximity to excellent schools and transport links could justify a higher price than the average. Nearby comparable properties support this. Similar one-bedroom flats are listed for prices ranging from £375,000 to £650,000. The price is therefore within the range of similar properties in the area.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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