Alexander Philips Ltd says ..

Property Oracle says ..

This property is a studio flat located in Lancing, West Sussex, listed at £117,500. The flat benefits from a south-facing garden, which is a considerable advantage for a property of this type. The location is relatively convenient, with proximity to Lancing railway station and several schools, including some with good Ofsted ratings. The property’s condition appears average. While structurally sound, the images suggest the property could benefit from modernisation, particularly in the kitchen and bathroom. These areas appear dated and would likely require updating. The interior also shows signs of needing a refresh. The garden is an added bonus, providing some private outdoor space, although its size is relatively small. The price appears reasonable within the context of the Lancing market and similar nearby studio flats; however, a comparative market analysis with more comprehensive square footage data would offer greater certainty on value. Overall, this property could be a suitable investment for first-time buyers or those seeking a low-maintenance property in a convenient location. However, potential buyers should factor in the cost of necessary renovations and modernisations.

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

Images