Goadsby says ..

Property Oracle says ..

The property is a 2-bedroom flat located in Ferndown, Dorset, with a list price of £200,000. The property has a total area of 698.15 sqft and is situated in the Ferndown South locality. The average property price in the area is significantly higher at £460,986, with an average price per sqft of £342. This suggests that the property may be underpriced compared to the average for the area. However, it is important to consider that the property is a flat, while the average price may include a mix of different property types (semi-detached, detached, etc.), which typically command higher prices. The nearby listings show a range of prices for flats, from £210,000 to £260,000, indicating that the list price of £200,000 is at the lower end of the market for similar properties in the immediate vicinity. The property benefits from a small garden area, which is a positive attribute, especially for a flat. The images show a relatively small garden, but it still provides some outdoor space. Based on the images provided, the property appears to be in generally fair condition, although some areas require attention. The walls in several rooms show signs of wear and tear, and the kitchen appears dated and could benefit from modernisation. The overall condition isnt poor, but it is not in excellent condition either. There is evidence of some cosmetic work that would improve the property’s presentation. The property’s location is near several schools, with West Moors Middle School and Oakhurst Community First School both receiving a “Good” Ofsted rating. Transportation links are also reasonably accessible, with Bournemouth and Pokesdown train stations within a reasonable distance. This suggests that the location is fairly convenient. Considering the condition, location, and land size, the price of £200,000 appears to be relatively reasonable, particularly given its proximity to local amenities and schools. The lower price point might be attractive to first-time buyers or investors seeking a property that requires some updating.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images