jdm says ..

Property Oracle says ..

The property is located in Bromley, Greater London, a desirable area known for its good schools and transport links. Palace View is within walking distance of Bromley South train station, providing convenient access to central London. Several well-regarded primary schools are nearby, including La Fontaine Academy and St George’s, Bickley, Church of England Primary School, both rated ‘Good’ by Ofsted. This positive aspect contributes to the desirability of the location and potentially justifies a higher price point. The property itself appears to be in excellent condition. Images show a recently renovated interior with a modern kitchen and bathrooms. The overall presentation is clean and well-maintained, suggesting minimal need for immediate repairs or renovations. The garden, though relatively small, is well-maintained and includes a useful shed, adding to the property’s appeal. While the plot size is small, the property benefits from a paved driveway and a well-maintained garden, offering some outdoor space. This is a common feature in terraced properties in this area, and while not extensive, it still provides a valuable amenity. Considering the average house price in the area is £517,861 and the average price per square foot is £502, the asking price of £700,000 for this 1,044 sqft property seems slightly above average. However, the property’s excellent condition, modern renovations, and convenient location justify a premium compared to other similar properties in the area. Nearby comparable properties on Palace View have sold for higher prices, further supporting the listed price. The proximity to good schools and transport links also contributes to its value.

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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