Kinleigh Folkard & Hayward - Sales says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom flat located in Bermondsey, London, with a list price of £475,000. The flat has a total area of 1,225.90 sqft and a plot size of 698.58 sqft. The property benefits from a private outdoor space, as shown in the provided images.

The location is excellent, with several outstandingly rated primary schools within a short distance (less than 1km). Public transport links are also easily accessible, with Rotherhithe Overground station only 0.19km away. This makes the property attractive to families and commuters alike.

Based on the photos, the property appears to be in good condition and well-maintained. The interior is modern and stylish, with a recently updated kitchen and bathrooms. There is no visible evidence of wear and tear or the need for significant renovation.

The property includes a private roof terrace. While not a large garden, it still offers valuable outdoor space, which is a desirable feature in a London property.

Considering the average price per sqft in the area (£262) and the property’s size (1225.90 sqft), a rough estimate of the expected price would be around £321,000. However, the actual list price is £475,000. While this is significantly higher than the estimated value based on average prices, the superior condition, private terrace, and excellent location justify the premium. The property’s modern finishes and desirable features also contribute to its higher value. Therefore, while the price is above average, it may still represent reasonable value for a buyer seeking a well-maintained, modern flat in a convenient location.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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