Kinleigh Folkard & Hayward - Sales says ..

Property Oracle says ..

The property is located in New Cross, London, a vibrant and increasingly popular area. It benefits from excellent transport links, with New Cross Gate Overground station just 0.49km away, providing easy access to central London and other parts of the city. The proximity to several well-regarded schools, including Haberdashers’ Aske’s Hatcham College and Haberdashers’ Aske’s Hatcham Temple Grove Free School, both rated ‘Good’ and ‘Outstanding’ respectively by Ofsted, adds to its appeal for families. The area also boasts a range of local amenities, making it a desirable location to live.

Based on the provided images, the property appears to be a three-bedroom flat in a period property. While the interior is presented in a clean and well-maintained condition, some aspects suggest the property may benefit from some modernisation. The kitchen, in particular, shows signs of age. The overall condition is acceptable for its age and type but could be improved with some updates.

The property includes a small garden area, visible in the exterior photos. While not extensive, it still provides some outdoor space, a valuable asset in a densely populated urban area like London.

Considering the list price of £640,000, the average price of similar properties in the area (£624,681), and the average price per square foot (£430), the asking price appears reasonable. The property’s location, proximity to transport and schools, and the inclusion of a small garden, all contribute to its value. However, the relatively small size (585.66 sqft) and potential need for some modernisation should be considered when evaluating the overall value proposition. The fact that the average sqft in the area is much higher (1450 sqft) suggests that the price may be slightly on the higher side, but this is offset by the other positive factors mentioned.

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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