Similar properties, huge discrepancy in prices

knitmare

Hi, I was wondering if anyone could help me with some advice. 
Last month I saw a 2 bed flat in North West London for £270k and I had an offer accepted at £268. 
Today I saw a very similar property within 5 minutes walk being advertised for £399k. This was only added yesterday. 
That's a difference of nearly £130k and I can't for the life of me figure out why it would be so different. 
The first is 63m2, whilst the second is 64. 
I don't know if I'm allowed to post links here, but it just strikes me as very odd. 

csgohan4

links, just because they list for X, they will not always get X, either that or the seller is unrealistic

Keswick1uk

Have you checked out the local area to your flat on that street checker thingy which gives all sorts of data on an area?

Could it be length of lease remaining? Ground rents? Service charges? Cladding ? View? Close by tube? Has the expensive one actually sold? What are other sale prices like in that area,  close to yours or closer to theirs?

Just some thoughts!

AdrianC

Well, the obvious answer is that the second is being advertised by an optimist and is going to remain unsold...

...or you've got a bargain.

...or there's something you've not spotted yet...

knitmare

AdrianC said:

...or there's something you've not spotted yet...

Well this is what I'm worried about. I'm a first time buyer and actually I come from a poor background so don't have many people I can turn to in real life. 
The links: 
I tried to post, but it says I'm too new to do so. 

BikingBud

How many guitars are there in the online images? Is there a big clock? And flowers?
I think the 3 factors alone can add immense value

knitmare

Keswick1uk said:

Have you checked out the local area to your flat on that street checker thingy which gives all sorts of data on an area?

Could it be length of lease remaining? Ground rents? Service charges? Cladding ? View? Close by tube? Has the expensive one actually sold? What are other sale prices like in that area,  close to yours or closer to theirs?

Just some thoughts!

Well my lease has 986 years on it, so I had thought you can't get much better than that. No cladding, views are similar, one side looks out to the street and one to communal gardens. The more expensive one does has an allocated parking space. 
Distance to the tube - the difference is minimal. *Scratches head*

fishfingerbutties

knitmare said:

AdrianC said:

...or there's something you've not spotted yet...

Well this is what I'm worried about. I'm a first time buyer and actually I come from a poor background so don't have many people I can turn to in real life. 
The links: 
I tried to post, but it says I'm too new to do so. 

Post the rightmove numbers and someone will find the links for you. 

knitmare

fishfingerbutties said:

Post the rightmove numbers and someone will find the links for you. 

108113735# 
105738032#

Keswick1uk

Parking space in London is, I guess, worth quite a lot? Might be one factor.

GDB2222

https://www.rightmove.co.uk/properties/105738032#/

That looks okay to me.  I can't see anything wrong with it, just from the listing.  It's a relatively cheap 2 bed flat for London, and it's obviously an older block. 

Who are the freeholders? Are there any plans to build a penthouse on top?

The price seems roughly in line with other sales in the block - see https://www.zoopla.co.uk/house-prices/harrow-on-the-hill/bonnersfield-lane/manor-court/   Bear in mind that London prices for flats have not been terribly buoyant recently.