The list price of £400,000 for a one-bedroom flat in Balham seems reasonable, considering the market prices of nearby properties. While some comparable properties are listed for more, others are available at similar prices. The property’s modernised interior and convenient location contribute to its value. The lack of outdoor space is a factor which might bring down the price, however, considering the location and condition it is in the acceptable range for a property of similar type and size.

The property appears to be in good condition based on the provided photographs. It has recently been redecorated, the kitchen and bathroom seem modern and well-maintained, and the built-in storage solutions suggest a recent update. While the photos do not showcase all aspects of the property, the visible portions appear to be in good to average condition and well presented for sale.

Balham is a popular and well-connected area in South West London. The proximity to Balham station (Southern and Northern lines) provides excellent transport links to central London and beyond. The presence of well-regarded schools nearby, such as Henry Cavendish and Telferscot Primary Schools (both rated Outstanding by Ofsted), adds significant value to the area for families. While the immediate vicinity of the property may not have extensive high street shops directly on its street, it is still in close proximity to Balham’s bustling high street. However, the lack of green space immediately surrounding the property slightly lowers the score.

The property has virtually no land, which is very typical for a flat in London, especially in a well-established residential area. This is reflected in the extremely low plot size listed in the property details.