Manors says ..

Property Oracle says ..

The property is a one-bedroom apartment in Marylebone, a highly desirable area of London. Marylebone is known for its upscale boutiques, restaurants, and proximity to Hyde Park. The area benefits from excellent transport links, with Marylebone station being within walking distance, providing easy access to various parts of London. Several highly-rated schools are also located nearby, adding to the area’s appeal for families.

The apartment itself appears to be in good condition. The photos show a modern, well-maintained interior with a recently updated kitchen and bathroom. The décor is neutral and bright, creating a spacious feel. There is no evidence of any significant repairs or renovations needed.

The property’s lack of outdoor space is a notable drawback. The listing specifies a plot size of 0.00 sqft, indicating no garden or private outdoor area. This is common for apartments in central London, but it will limit the appeal to buyers seeking outdoor space.

Considering the average price per square foot in the area (£2,412.00) and the property’s size (409.03 sqft), a price of approximately £985,000 might be expected. The listed price of £650,000 is significantly lower than this estimate. However, it’s important to note that the average price in the area is very high (£2,636,587) and this is skewed by larger and more expensive properties. The lower price of this one-bedroom apartment could be justified by its smaller size and lack of outdoor space. The price is relatively competitive compared to similar one-bedroom apartments in the area, as shown in the nearby listings.

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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