Butler & Stag says ..

Property Oracle says ..

The property is a two-bedroom, two-bathroom apartment located in Shingly Place, London, E4 6QL. It has a total area of 501 sqft and a plot size of 701 sqft. The list price is £400,000.

The property appears to be in excellent condition based on the provided photos. The interior is modern, well-maintained, and tastefully decorated. The kitchen and bathrooms are contemporary and appear to be recently updated. There is no visible evidence of damage or disrepair.

The property includes a balcony, offering some outdoor space. While not a large garden, it provides a pleasant area for relaxation and enjoyment.

Considering the average price per sqft in the area is £527, and this property is listed at £400,000 for 501 sqft, the price per sqft is approximately £798. This is significantly higher than the area average. However, several factors could justify this higher price. The property’s modern condition, recent renovations, and the inclusion of a private balcony are all potential contributing factors. The nearby listings show that comparable properties in the area are also listed at similar prices, suggesting the list price is within the range of market values for similar properties in the area. The proximity to transportation and schools also contributes to the higher price. Further analysis of comparable properties with similar specifications would be required to definitively assess the reasonableness of the list price.

The location appears to be desirable, with nearby transportation links (Chingford station being 1.35km away) and several schools within a reasonable distance, including Chingford Cofe Primary School (rated ‘Good’ by Ofsted) and St Mary’s Catholic Primary School (rated ‘Outstanding’). The proximity to these amenities contributes positively to the overall desirability of the property’s location.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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