Marvels Lane, London
AC

Marvels Lane, London

By Acorn

£ 300,000

Reviews

3 out of 5 stars

Acorn says ..

Offered chain free to the market , Acorn is pleased to present this two bedroom apartment, offering an exciting opportunity for buyers looking to add their personal touch to a newly refurbished home. Located on the first floor, through the hallway you have a large reception room with ...

Property Oracle says ..

The property is located in Grove Park, Lewisham, which is in a convenient location with good transport links to central London via Grove Park station (Southeastern). The area also benefits from nearby primary schools such as Cooper’s Lane Primary School and Marvels Lane Primary School, both rated ‘Good’ by Ofsted. The presence of these amenities contributes positively to the desirability of the location. However, the provided data does not offer insights into other local amenities such as shops or places of significance, which would be beneficial for a more complete assessment.

Based on the provided images, the property appears to be in good condition, having undergone some degree of modernisation. The rooms are presented as freshly painted and with new flooring, suggesting recent refurbishment. The kitchen and bathroom also appear to be recently fitted. However, the garden requires attention, appearing somewhat unkempt and neglected. A more detailed inspection would be needed to fully assess the property’s condition and identify any potential underlying issues.

The property includes a small garden, although its current state would require some work to be considered a significant feature. The size of the garden is 614 square feet, which is relatively modest for a property of this type in London.

The list price of £300,000 is significantly below the average price of £452,385 for the area. Considering the property’s size (1,053.90 sqft) and the average price per sqft of £449, a more accurate valuation would be expected to be higher. However, the relatively low price may be justified by the condition of the garden and the lack of information on the overall quality of the property’s structure and fittings. The nearby listings show a range of prices, some significantly higher, indicating that the property may be undervalued if it is in good condition and well-maintained. A comparative market analysis of similar properties in the area, taking into account their condition and features, would be needed to determine a more precise valuation.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
8
Location
7
Land
4
Bedrooms
2
Bathrooms
0
Sqft (est)
1,053.90
Lot (est)
614.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
518,733.00 £
Increased by 7.95 %
from 480,553.00 £
Est sale value
522,734.40 £
Increased by 14.02 %
from 458,446.50 £
Average area rental value
2,530.00 £/mo
Increased by 39.55 %
from 1,813.00 £/mo
Est letting value
2,107.80 £/mo
Increased by 100.00 %
from 1,053.90 £/mo
Est rental Yield
5.85 %
Increased by 29.14 %
from 4.53 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Acorn created the listing.

Nearby Schools

NameTypeOfstedDistance
Cooper'S Lane Primary SchoolCommunity SchoolGood0.78 KM
Marvels Lane Primary SchoolCommunity SchoolGood0.89 KM
Horn Park Primary SchoolAcademy ConverterGood1.18 KM
Haberdashers' Aske'S Knights Temple GroveAcademy Converter1.22 KM
Haberdashers' Aske'S Knights AcademyAcademy Sponsor LedGood1.35 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Eversfielld Court £ 000.00 KM
Stratfield House £ 000.00 KM
Gavestone Crescent £ 000.00 KM
Palace View £ 000.00 KM
Castleton Road £ 393,75000.00 KM

Nearby Transport

NameNLCTLCDistance
Grove Park5139GRP0.67 KM
Lee5110LEE2.30 KM
Sundridge Park5155SUP2.33 KM
Mottingham5118MTG2.65 KM
Elmstead Woods5135ESD2.69 KM

Nearby Listings

AddressPriceTypeScoreDistance
Marvels Lane, London £ 300,000BUY6 / 100.00 KM
Marvels Lane, London £ 350,000BUY7 / 100.00 KM
Marvels Lane, London, SE12 £ 300,000BUY7 / 100.00 KM
Marvels Lane, London £ 300,000BUY6 / 100.15 KM
Marvels Lane, London, SE12 £ 575,000BUY7 / 100.16 KM

Nearby Properties

AddressPriceDistance
94 Marvels Lane £ 275,0000.02 KM
110 Marvels Lane £ 100,0000.02 KM
90 Marvels Lane £ 293,9360.02 KM
82 Marvels Lane £ 38,0000.02 KM
92 Marvels Lane £ 133,5000.02 KM