Arkwright & Co says ..

Property Oracle says ..

The property is a studio flat located in King’s Hedges, Cambridge, with a list price of £150,000. The property is in need of significant renovation. The kitchen and bathroom are dated and require modernisation. The walls show signs of wear and tear, and the flooring appears worn. The overall condition suggests a property requiring substantial investment to bring it up to a modern standard.

The location in King’s Hedges places it relatively close to Cambridge North train station and several primary schools with good Ofsted ratings. This makes it potentially attractive to students or young professionals. However, the lack of plot size and the studio nature of the property limit its appeal to families.

Considering the average house price in the area is significantly higher (£380,526) and the average price per square foot is £427, the list price of £150,000 for this 312.15 sq ft studio flat seems relatively low. However, the condition of the property must be taken into account; the extensive renovation needed will likely offset the initial low purchase price. Nearby comparable properties on Robert Jennings Close are similarly priced, suggesting the list price is in line with the market for similar properties in this condition.

The lack of plot size means there is no garden.

Based on the provided information, the property requires significant renovation, is conveniently located near transport links and schools, but lacks outdoor space. The price is low considering the area average, but this is likely offset by the substantial renovation costs.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images