Kinleigh Folkard & Hayward - Sales says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located on High Street, Penge, in the London Borough of Bromley. The flat is 581 square feet and has no garden. The list price is £230,000.

The property appears to be in good condition based on the provided photos. The interior is modern and well-maintained, with updated kitchen and bathroom fixtures. There is no visible evidence of significant repairs or renovations needed.

The location on High Street, Penge, places it within easy reach of Penge East and Kent House Southeastern train stations, providing convenient access to central London. The area also benefits from several primary schools with good Ofsted ratings, including Harris Primary Academy Kent House, which is located very close by. The presence of shops and amenities such as Domino’s Pizza on the High Street adds to the convenience of the location.

Considering the average price per square foot in the area is £528, and the property is 581 square feet, a rough estimate of the expected price would be around £307,000. However, the actual list price of £230,000 is significantly lower. This discrepancy could be attributed to the smaller size of the property compared to the area average (581 sqft vs 1065 sqft) and the lack of outdoor space. The lower price may also reflect the fact that it is a flat rather than a house. While the price is significantly below the average for the area, the property’s condition and convenient location make it potentially good value for a first-time buyer or investor seeking a property in this location.

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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