Butler & Stag says ..

Property Oracle says ..

Location: The property is located in Lansbury, Tower Hamlets, a district with a mix of residential and commercial areas. The area benefits from its proximity to several outstanding primary schools, including St Saviour’s Church of England Primary School and Manorfield Primary School, both within a short distance. Public transport links are also relatively close, with several stations within a 3km radius offering connections via the London Underground, c2c, London Overground, TfL Rail and HS1. This makes the location convenient for commuting and access to other parts of London.

Condition: Based on the images, the property appears to be in excellent condition. The interior is modern, well-maintained, and tastefully decorated. The kitchen and bathrooms are contemporary and well-equipped. There is no visible evidence of wear and tear or the need for any significant repairs or renovations. The property benefits from a large, well-maintained private roof terrace.

Land: The property includes a substantial private roof terrace, providing ample outdoor space. While not a traditional garden, this offers a significant advantage for a penthouse apartment.

Price: The list price of £700,000 for a 1,455.13 sqft penthouse apartment is relatively high compared to the average price of £495,011 for properties in the area. However, the average sqft in the area is considerably smaller at 773 sqft. The property’s size, modern condition, and the inclusion of a large private terrace justify a higher price per sqft than the average. Considering the nearby comparable listings, while the data is incomplete, the price seems reasonable within the context of the local market for similar high-end properties. The price per sqft is higher than the average but this is expected given the property’s features and location.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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