Ellis & Co says ..

Property Oracle says ..

This one-bedroom flat located on Mulberry Close in Hendon, NW4, offers a convenient location in the London borough of Barnet. The property is situated within proximity to Hendon station, providing access to the Thameslink rail network and connecting commuters to various parts of London. Several schools are nearby, suggesting family-friendly surroundings. The flat itself appears well-maintained, with a modern-looking kitchen and bathroom. However, the property shows signs of its age in parts of the interior and lacks any substantial outdoor space beyond a compact patio.

The provided photos show a one-bedroom flat that appears clean and functional. The images of the living areas are staged, while the kitchen and bathroom look like they have recently been updated. The private patio is small and requires some landscaping. The overall condition of the interior is fair. There is no indication of extensive work needing to be done, but neither does it appear to be a newly renovated or luxury flat.

The list price of £395,000 should be viewed in the context of the local market, which reveals a significant range of prices for similar properties in Hendon and surrounding areas. A similar one-bedroom flat recently sold for £385,000, giving some benchmark for price comparison. However, the lack of square footage data for most comparative properties makes a precise evaluation of the list price challenging. A detailed analysis of the property’s condition and the comparative data of similar properties will help clarify the value proposition. While the location is an asset, the limited outdoor space is a factor to be considered when assessing the overall value of the property. Without precise square-footage details for nearby listings and local averages, accurate analysis of value per square foot is limited.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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