Freder says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located in Makers Building, Old Street, in the Hoxton West area of Hackney, London. The apartment is 15.02 sqft and situated on a 560 sqft plot. The list price is £750,000. The location is excellent, with Old Street tube station just 0.44km away, providing easy access to central London. Several other transport links are also within a reasonable distance. Furthermore, there are several highly-rated schools nearby, including New Regent’s College (Good Ofsted rating) only 0.04km from the property. This makes the property attractive to families and professionals alike. Based on the images provided, the apartment appears to be in excellent condition. It is modern in design and features high-quality finishes. There is no visible evidence of wear and tear or the need for renovation. The communal areas also appear well-maintained and modern. The plot size of 560 sqft is relatively small for London, but the property benefits from access to communal outdoor space, as shown in the provided images. This shared amenity partially offsets the smaller private plot size. Considering the average price per sqft in the area is £990, and the apartment is only 15.02 sqft, the list price of £750,000 seems significantly high. However, the property’s location, condition, and access to communal amenities might justify a premium price. Nearby comparable properties support this, although the lack of sqft data for those properties makes a direct comparison difficult. The price may be influenced by factors not reflected in the provided data, such as the specific features and views from the apartment.

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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