Lacy Scott & Knight says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment with a total area of 862.33 sqft. It’s situated in a convenient location in Bury St Edmunds, close to local shops and restaurants. The proximity to Bury St Edmunds train station (2.16 KM) provides good transport links. Several primary schools are within a reasonable distance, including St Edmund’s Catholic Primary School (0.79 KM) and Guildhall Feoffment Community Primary School (0.80 KM), both rated ‘Good’ by Ofsted. This makes the location attractive to families.

The apartment appears to be in excellent condition based on the provided images. The finishes look modern and high-quality, suggesting minimal need for repair or renovation.

The absence of plot size data prevents a comprehensive assessment of the land aspect. However, given it is an apartment, the lack of a private garden is expected.

The list price of £315,000 needs to be considered in relation to comparable properties. While nearby apartments on Abbots Gate have sold for between £220,000 and £295,000, the lack of square footage data for these properties makes direct comparison challenging. Further analysis of local market trends and property values per square foot in the Laundry Lane area would be needed to fully evaluate the price’s reasonableness. The average price for Laundry Lane is significantly higher (£432,500), suggesting the list price could be considered reasonable, although further data would be required to confirm this.

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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