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Property Description
Welcome to 348 Wharncliffe Road South, a beautifully updated 4-bedroom, 1-bathroom bungalow perfect for investors or young families seeking their first home. Located on the edge of Old South and just minutes from downtown London, this home offers convenience, comfort, and plenty of character. Step inside to find a freshly painted interior with updated vinyl flooring throughout, creating a bright and modern feel. The spacious living area seamlessly connects to a well-appointed kitchen, providing an inviting space for everyday living and entertaining.The exterior features a low-maintenance, durable metal roof and a large backyard patio ideal for relaxing or hosting summer gatherings. Situated close to parks, public transit, and all the amenities downtown London has to offer, the location is hard to beat. With its mix of modern updates and a prime location, this home is a fantastic opportunity for anyone looking to invest or settle into a cozy starter home. Dont miss your chance to view this charming property!
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
32' x 106'
Fronting
East
Taxes
$2,485 (2023)
Basement
Part Fin
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Front Yard
Garage Type
None
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London Market Statistics
London Price Trend
348 Wharncliffe Rd S is a 4-bedroom 1-bathroom home listed for sale at $415,000, which is $463,199 (52.7%) lower than the average sold price of $878,199 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in London declined by $1,432 (0.2%) compared to the previous 30 day period (September 21 - October 20) and down $1,801 (0.2%) from the same time one year ago.Inventory Change
There were 144 4-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 11.1% compared with the previous 30 day period (September 21 - October 20) and up 747.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($24,170) (2.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,593 decrease compared to the previous 30 day period (September 21 - October 20) and ($9,900) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in London over the last 30 days (October 21 - November 19) stood at 60.4%, up from 36.4% over the previous 30 days (September 21 - October 20) and up from 29.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 1-bathroom home in London stood at 30 days when successfully sold over the last 30 days (October 21 - November 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Oak And Key Real Estate Brokerage, Inc.
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