Pomp Properties says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located in Stepney Green, Tower Hamlets, London. It is listed at £870,000 and has 571 square feet of living space. The area has an average property price of £583,261 and an average price per square foot of £731. The apartment appears to be in good condition, with modern fixtures and fittings. The images show a well-maintained interior with a contemporary design. The lack of visible wear and tear suggests that it is in excellent condition. While the plot size is listed as 0.00 sqft, the building offers residents access to excellent amenities, including a swimming pool, gym, and communal lounge areas. These amenities add value to the property and compensate for the lack of private outdoor space. Considering the property’s location in Stepney Green, its modern condition, and the inclusion of desirable amenities, the list price of £870,000 is at the higher end of the market. However, the average price per sqft in the area is significantly lower than the implied price per sqft for this property (£1523.64 vs £731.00). The higher price is likely justified by the modern finish, amenities, and proximity to transport links and schools. Nearby comparable properties, while limited in data, also support a price in this range. The property’s location is convenient, with several transport links and schools within a short distance. This adds to its overall desirability and justifies a higher price point.

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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