Haslams Estate Agents says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located in Reading, Berkshire. It’s situated on Bulmershe Road, within the Park locality and has a list price of £185,000. The apartment measures 441.32 sqft and benefits from a private garden.

The location is positive, with several schools rated ‘Good’ or ‘Outstanding’ within a kilometer radius, including Maiden Erlegh School and UTC Reading. The proximity to Reading train station (3.12km) provides good transport links.

Based on the provided images, the property appears to be in generally good condition, though some minor cosmetic updates might enhance its appeal. The kitchen and bathroom seem functional, but could benefit from some modernisation. The carpet in the living area and bedroom shows signs of wear and tear.

The presence of a private garden is a significant advantage, adding to the property’s desirability. The garden itself appears well-maintained, although relatively small.

Considering the average price per sqft in the area (£312) and the property’s size (441.32 sqft), a rough estimate of the expected value would be around £137,500. However, the actual list price is £185,000, which represents a premium. This premium may be justified by the desirable location and the inclusion of a private garden, which is a rare feature for apartments in this area. However, the need for some modernisation work should be factored into any purchase decision. The relatively low average price of nearby properties (£230,000 - £400,000) suggests that the asking price might be on the higher end of the market value, especially considering the smaller size of this apartment.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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