Colin Ellis Estate Agents says ..

Property Oracle says ..

The property is a 3-bedroom flat located in Scarborough, North Yorkshire, with a list price of £115,000. The flat has 1830 sqft. The average price for properties in the area is £302,231, with an average price per sqft of £288. Nearby properties range in price from £50,000 to £205,000. The property is close to several schools, including Scarborough Pupil Referral Unit (Good Ofsted rating) and Childhaven Community Nursery School (Outstanding Ofsted rating). Scarborough train station is also within easy reach.

The property appears to be in need of some modernisation, although it is difficult to assess the full extent of work required without a physical inspection. The kitchen and bathrooms appear dated and could benefit from upgrades. There is no garden or outdoor space.

Given the property’s condition, the lack of outdoor space, and its location in Scarborough, the list price of £115,000 appears to be relatively reasonable compared to some nearby properties, especially considering its size. However, the average price per sqft in the area is significantly higher, suggesting that the property might be slightly undervalued if it were in better condition. Further analysis would be needed to determine the precise value.

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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