Love Living says ..

Property Oracle says ..

The property is a one-bedroom, one-bathroom apartment located in the Otto building on Downs Road, Hackney Downs, London. It’s a modern apartment with 581 sqft of living space and benefits from a balcony offering views of Hackney Downs. The apartment’s condition appears to be excellent based on the provided images. The interior is modern, clean, and well-maintained with a contemporary design. There is no visible evidence of damage or the need for repairs or renovations. The location is strong. Hackney Downs is a desirable area in East London, known for its parks, independent shops, and good transport links. The nearby Hackney Downs station provides convenient access to the London Overground network. Several highly-rated primary schools are within a short distance, making it an attractive option for families. While the plot size is zero, the apartment is part of a modern development that offers communal outdoor space, including a rooftop garden and terrace. This partially compensates for the lack of a private garden. Considering the average price per sqft in the area (£876) and the apartment’s size (581 sqft), a rough estimate of the property’s value would be around £509,000. The list price of £500,000 is therefore slightly below the estimated value, suggesting it could represent reasonable value for money, especially given its modern condition and desirable location. However, the lack of plot size information for comparable properties makes a precise price comparison difficult. Nearby comparable properties range from £475,000 to £1,350,000, indicating a wide range of prices 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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