Auction House says ..

Property Oracle says ..

This property is a one-bedroom flat located in Thorpe Hamlet, Norwich. The location benefits from being close to several schools, including Lionwood Infant and Nursery School (Outstanding Ofsted rating) and Lionwood Junior School (Good Ofsted rating), both within a kilometre. Norwich train station is also relatively close by at 1.56km.

The flat itself appears to be in reasonable condition, although some modernisation would likely improve its overall appeal. The kitchen and bathroom show some signs of age, and an update would enhance their functionality and aesthetic value. The property does not have a garden, which is a common characteristic of flats.

Considering the average price per square foot in the area is £306, and this flat is listed at £70,000, this represents a price per sqft of £140. This is significantly lower than the average, suggesting the price may be reasonable, especially in light of the need for some modernisation. However, nearby comparable properties on Cremorne Lane have sold for prices ranging from £49,300 to £165,000, indicating a degree of price variability in the immediate vicinity. Further investigation into the specifics of those sales (e.g., condition, size) would provide a more precise comparison.

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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