Bairstow Eves says ..

Property Oracle says ..

The property is located in Custom House, Newham, a district in East London. The area benefits from the proximity of Custom House station, providing access to the DLR and Elizabeth line, offering good transport links to central London and other parts of the city. Several primary schools are within a reasonable distance, including Keir Hardie Primary School which has a ‘Good’ Ofsted rating. This is a positive aspect for families.

Based on the provided images, the property appears to be in fair condition. While the rooms show signs of wear and tear, with some marks on the walls and older furnishings, there is no evidence of significant structural damage or urgent repairs needed. The kitchen and bathroom appear functional but could benefit from some modernisation. The overall impression is that the property is habitable but could benefit from some cosmetic improvements.

The property includes access to a communal garden area, which is a positive feature. While not a private garden, the shared green space provides outdoor access for residents.

The list price of £350,000 is slightly below the average price of £413,000 for the area. Considering the property’s size (575.33 sqft) and the average price per sqft of £583, a comparable property might be expected to sell for around £336,000 (£583 x 575.33). However, the condition of the property is below average, and the lack of a private garden might also influence the price. Therefore, while the price is slightly above the estimated value based on average sqft price, it appears relatively reasonable in the context of the current market and the property’s condition. The presence of nearby properties with lower prices (e.g., those on Hands Walk) supports this assessment. More information on the specifics of comparable properties would be needed to make a more definitive judgment.

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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