Foxtons says ..

Property Oracle says ..

This 2-bedroom, 1-bathroom flat located on Underwood Street in Islington, London, is presented as a warehouse conversion. The property boasts exposed brickwork, industrial-style features (exposed pipes and beams), and hardwood flooring, creating a unique aesthetic. The open-plan layout combines the living, dining, and kitchen areas. While the provided photographs highlight the spaciousness and character of the apartment, they also reveal some aspects that might need attention for some buyers.

The kitchen is relatively simple in design. While functional, it lacks the high-end finish found in some luxury London flats. Similarly, the bathroom, while clean and adequately appointed, is not overly luxurious and is somewhat dated. The overall impression is of a well-maintained property but with room for some personal styling and potential upgrading. The listing highlights its close proximity to Old Street station, a significant advantage given London’s transportation network. The nearby schools are an additional factor that will appeal to families. The absence of any outdoor space is a common feature of properties in this area and something potential buyers should expect.

The listed price of £1,400,000 needs to be considered within the context of other London properties, particularly those in Islington. While there is a wide price range in neighboring streets, including some significantly more expensive properties, this pricing appears in line with similar properties considering size and location. However, the lack of precise square footage for comparable sales makes a definitive assessment on the price per square foot difficult and precise market value comparison challenging. Ultimately, the property’s attractiveness will depend on the buyer’s priorities, with the unique character and location being strong selling points.

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

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