The list price of £3,250,000 seems relatively reasonable considering the location. However, the extensive renovation needed significantly impacts the value. Comparing to nearby properties, some are priced higher, but they are likely in better condition. The price per sqft is not available to make a more precise comparison, but the price reflects the prime location, even with the renovation costs factored in.

The provided photographs clearly show the property is undergoing a significant renovation or is in a state of disrepair. While the structure appears sound, the interior requires extensive work, including flooring, plastering, kitchen and bathroom installations, and general finishing. The current state is far from move-in ready.

Balcombe Street, Marylebone, is a highly desirable location in London. It benefits from excellent proximity to Marylebone station (Chiltern Railways), providing easy access to various parts of the UK. Furthermore, the area is known for its upscale amenities, reputable schools (such as Francis Holland School and St Mary’s Bryanston Square Cofe School, both within close proximity), and proximity to Regent’s Park. The overall atmosphere is quiet and residential, yet still central to London’s vibrant offerings.

While the property shows a small rear courtyard in the images, the plot size is listed as 0.00 sqft. This suggests very limited outdoor space, which is typical for properties in central London but is still a low score compared to properties with larger gardens.