P M Estates says ..

Property Oracle says ..

The property is a 1-bedroom apartment located in Riverside Wharf, Bishop’s Stortford. Bishop’s Stortford is a desirable town in Hertfordshire, offering good transport links via its train station to London and other parts of the UK. The proximity to the train station (0.37 KM) is a significant positive, making it convenient for commuters. Several schools are within a reasonable distance, including some with good Ofsted ratings, making it potentially attractive to families. However, the lack of plot size suggests no garden. The apartment itself appears to be in good condition based on the provided images. The kitchen and bathroom look modern and well-maintained. The flooring and walls are clean and appear recently updated. There is no visible evidence of significant wear or damage. Considering the average price per square foot in the area is £445, and this apartment is 521.19 sqft, a rough estimate of its value would be around £232,000. The listing price of £190,000 is considerably lower than this estimate. However, it’s important to note that the average price and price per sqft are based on larger properties, and this is a smaller apartment. Also, the lack of plot size and the fact it is an apartment, rather than a house, will impact the overall price. Therefore, while seemingly low compared to the average price per sqft, the price may still be reasonable within the context of the local market for similar properties. Further investigation into comparable apartment sales in Riverside Wharf would be needed 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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