Connells says ..

Property Oracle says ..

The property is a 1-bedroom apartment located in Montgomery Court, Warwick, Warwickshire. It’s a retirement property with a list price of £90,000. The apartment is 500 sqft. The property benefits from being close to Warwick train station (0.29km) providing convenient access to transport links. Several primary schools with good Ofsted ratings are also within a short distance, including Warwick Nursery School (0.19km) and Coten End Primary School (0.39km). This makes the location desirable for families and retirees alike. Based on the provided images, the apartment appears to be in good condition. The interior is clean and well-maintained, with modern appliances and furnishings. There is no visible evidence of significant wear and tear or the need for major renovations. The communal areas and gardens are also well-kept. The property has access to communal gardens, offering residents outdoor space. While not a private garden, the communal green space is a valuable amenity. Considering the average price per sqft in the area is £410, and the apartment is 500 sqft, a reasonable estimate would be around £205,000. The list price of £90,000 is significantly lower than this estimate. However, it’s important to note that this is a retirement property, and these properties often sell for less than comparable properties on the open market. The lower price may reflect the specific target market and the restrictions that may be associated with retirement properties. The lower price point also makes it more accessible to a larger pool of potential buyers within the retirement community.

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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