Kendrick Property Services says ..

Property Oracle says ..

The property is located in Arnold Street, Brighton, BN2 9XS. It is an end of terrace house with 2 bedrooms and 1 bathroom. The property is listed at £450,000 and has 689.97 sqft of living space. The plot size is 0.00 sqft.

Analysis:

The property appears to be in reasonable condition, although some modernisation may be desirable. The kitchen and bathroom show signs of age, and an upgrade could enhance the property’s value. The garden is small but usable, offering some outdoor space. The location in Brighton is generally desirable, with nearby schools and transport links. However, the lack of plot size may be a drawback for some buyers.

Compared to the average price per sqft in the area (£489), the listed price of £450,000 seems slightly high, considering the smaller than average size (689.97 sqft vs 848 sqft average) and the need for some modernisation. Nearby comparable properties show a range of prices, with some slightly lower and some significantly higher. The presence of good local schools and transport links positively impacts the property’s value. The small garden is a factor to consider.

Rationale:

Location: The property benefits from its location in Brighton, a popular city with good schools and transport links. The proximity to Elm Grove Primary School (rated ‘Good’ by Ofsted) and St Luke’s Primary School (‘Outstanding’) is a significant positive. Several train stations are within a reasonable distance, providing convenient access to other parts of the UK. Therefore, a score of 8 out of 10 is given for location.

Condition: The property is habitable but shows its age in areas such as the kitchen and bathroom. While not in disrepair, modernisation would improve its overall condition and appeal. A score of 6 out of 10 is given for condition.

Land: The property has a small garden, providing some outdoor space. However, the plot size is minimal compared to other properties in the area. A score of 4 out of 10 is given for land.

Price: Considering the property’s size, condition, and the average price per sqft in the area, the listed price of £450,000 appears slightly overpriced. While the location is desirable, the need for some modernisation and small plot size should be factored into the price. A score of 5 out of 10 is given for price.

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

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