Alex Neil Estate Agents says ..

Property Oracle says ..

The property is a 2-bedroom flat located in Ringwood Gardens, Isle of Dogs, E14 9WH. It has a total area of 445.60 sqft and a plot size of 536.58 sqft. The list price is £400,000.

The flat is modern and well-maintained, as shown in the provided images. The kitchen and bathroom appear recently updated and in excellent condition. The living area is spacious and bright with a pleasant view. The property benefits from a balcony overlooking the water.

The location is desirable, situated in the Isle of Dogs, a popular area of London. It is within reasonable proximity to several well-regarded schools, including St Edmund’s Catholic School (rated ‘Good’ by Ofsted) and Arnhem Wharf Primary School (also rated ‘Good’). Several Southeastern and London Overground stations are within a 2-3km radius, providing good transport links.

While the average price per sqft in the area is £676, and the average property price is £570,614, the provided data on nearby properties shows a wide range of prices. Some properties on Ringwood Gardens have sold for significantly less than the list price of this property. Therefore, a detailed analysis of comparable properties with similar size and condition is needed to accurately assess the value for money offered by this property. The property’s size (445.60 sqft) is smaller than the average size for the area (843 sqft), which could influence its pricing. However, its modern condition and desirable location might offset this.

Considering the modern condition of the property, its desirable location near good schools and transport links, and the smaller size compared to the area average, the list price of £400,000 requires further investigation to determine its reasonableness. More information on comparable recently sold properties with similar features is needed for a definitive assessment.

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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