Greyfox Estate Agents says ..

Property Oracle says ..

The property is a one-bedroom, one-bathroom apartment with a total area of 546 sqft and a plot size of 646 sqft. The list price is £160,000. The property is situated in Rainham, Kent, close to Rainham railway station (0.43km), providing convenient access to London and other areas. Several primary schools are within a 1km radius, including St Margaret’s Church of England Junior School and Riverside Primary School, both rated ‘Good’ by Ofsted. The photos show the property to be in generally good condition, although some minor updates or cosmetic improvements might enhance its appeal. The communal garden area appears well-maintained. While the property itself is compact, it benefits from a small, shared garden area, offering some outdoor space. Compared to the average price per sqft in the area (£428), the property’s list price appears significantly lower. However, it is crucial to consider that the average house price in the area (£394,630) is considerably higher, and the average sqft is also much larger (920 sqft). The lower price of this property could be attributed to its smaller size and the fact that it’s an apartment rather than a house. Nearby properties for sale show a wide range of prices, suggesting a varied market with properties ranging from £90,000 to £625,000. This wide range in prices makes it difficult to definitively assess the value of this property without more detailed information on comparable properties. Given the property’s location, condition, and available outdoor space (shared garden), the list price of £160,000 may represent good value for a first-time buyer or investor looking for a property in a convenient location near transportation and schools. However, potential buyers should carefully consider the property’s size and the fact that it’s an apartment before making a purchasing decision.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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