PATTERSON HAWTHORN says ..

Property Oracle says ..

The property is a 1-bedroom flat located in Rainham, Havering, Greater London. The list price is £125,000, and the property has 337.39 sqft of living space and a 428 sqft plot. The area has an average house price of £450,015 and an average price per sqft of £400. This suggests that the subject property is significantly below the average price for the area. However, it is important to note that the average price is likely skewed by larger properties, and the subject property is a smaller flat.

Nearby listings show prices ranging from £160,000 to £235,000 for similar properties, suggesting the list price might be at the lower end of the market value for flats in this area. The property is near Rainham (Essex) c2c station (0.92km), providing convenient access to transportation. Several well-regarded schools are also within a reasonable distance. The presence of a small garden is indicated by the image.

The condition of the property appears to be good based on the image provided. There is no visible evidence of significant damage or disrepair.

Given the location, relatively small size, and apparent good condition, the list price of £125,000 may represent good value for money, particularly compared to the average house price in the area. However, a full survey would be needed to confirm the condition of the property and any potential hidden issues.

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

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