Miles & Barr says ..

Property Oracle says ..

The property is a 1-bedroom flat located in Margate, Kent. The flat is part of a modern apartment building and appears to be in good condition based on the provided images. The interior is modern and clean, with no obvious signs of disrepair or the need for renovation. The kitchen and bathroom are modern and well-maintained. The property includes allocated parking.

The location is reasonably convenient. Several primary schools with good Ofsted ratings are within a short distance, and Margate railway station is approximately 1km away, providing access to transport links. However, the surrounding area seems to have a mix of property values, with some properties significantly more expensive than others on the same road. This might indicate some variability in desirability within the immediate vicinity.

The list price of £125,000 seems relatively reasonable compared to other similar properties in the area. While the average price for properties in Margate is significantly higher (£274,587), this is likely influenced by larger properties. The average price per square foot in the area is £397, and this flat, at 430 sqft, is priced at approximately £290 per sqft. This suggests it may be competitively priced considering its size and condition, especially when compared to other flats in the area listed at similar prices. The lack of plot size information limits a comprehensive assessment of land value.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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