Barnard Marcus says ..

Property Oracle says ..

The property is a two-bedroom flat located on Old Kent Road in Southwark, London. The flat is listed at £230,000 and has 651 square feet of living space. The average price for properties in the area is £294,997, with an average size of 1,124 square feet and an average price per square foot of £262. The property benefits from a private balcony offering stunning city views. The location is convenient, with several transportation options within a reasonable distance, including Queens Road Peckham station (0.69km) and South Bermondsey station (0.96km). There are also several schools nearby, including Pilgrims’ Way Primary School (0.10km) which has a good Ofsted rating.

The condition of the property appears to be fair. While the living room and balcony are presented well, the kitchen and bathroom show signs of wear and tear and could benefit from some modernisation. The bedrooms also appear cluttered and could benefit from some decluttering and potentially some redecoration.

The property does not appear to have a garden or any outdoor space beyond the balcony.

Considering the property’s condition, location, and lack of outdoor space, the list price of £230,000 appears to be relatively reasonable compared to the average price in the area, especially given its smaller size. However, potential buyers should factor in the cost of necessary repairs and renovations to the kitchen and bathroom. The property’s smaller size compared to the average in the area could also impact its value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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