Mountgrange Heritage says ..

Property Oracle says ..

Lexham Gardens, London, W8 Property Analysis

The property is a 2-bedroom, 2-bathroom flat located in Lexham Gardens, London, W8. The flat is 983.82 sqft and situated on a plot of 1,120.52 sqft. The list price is £1,375,000.

Location: Lexham Gardens is situated in the Kensington and Chelsea borough of London. This area is known for its affluent reputation, excellent schools, and proximity to green spaces like Kensington Gardens. The area also benefits from good transport links, with several underground stations within a reasonable distance. The presence of highly-rated schools like Snowflake School and St Barnabas And St Philip’s Cofe Primary School nearby adds significant value to the location. Therefore, the location score is high.

Condition: The provided images showcase a modern, recently renovated flat. The interior is in excellent condition, with new flooring, a contemporary kitchen, and updated bathrooms. There are no visible signs of wear or damage. The property appears to be well-maintained and in move-in ready condition.

Land: While the property is a flat, the plot size of 1,120.52 sqft suggests some outdoor space may be available, though the exact nature of this space isn’t specified. Further clarification is needed to accurately assess the land aspect.

Price: The list price of £1,375,000 is significantly lower than the average property price in the area (£2,060,384). Considering the modern condition of the flat and its prime location, the price appears to be competitive, potentially representing good value for money. However, a direct comparison is difficult due to the lack of sqft data for comparable properties. The average price per sqft in the area (£1,684.00) is also significantly higher than the implied price per sqft for this property (£1,398.22). This further suggests that the list price could be considered reasonable, potentially even undervalued. However, more data on comparable properties would be beneficial.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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