M2 Estate Agents says ..

Property Oracle says ..

The property is a 2-bedroom flat located in Gaer, Newport, with a list price of £139,950. The flat has a total area of 687.86 sqft and is situated on a plot of 725.38 sqft. The property benefits from a balcony offering views of the surrounding area. The interior is presented in good condition, with a modern kitchen and bathroom. The flooring appears to be recently updated. The location in Gaer, Newport, places it within reasonable proximity to several schools, including St David’s R.C. Junior & Infants School (0.71km) and Glasllwch C.P. School (0.88km). Public transport links are also relatively close, with Pye Corner train station being 1.56km away. However, the average house price in the area (£400,449) is significantly higher than the list price of this property. This disparity may be due to the property type (a flat rather than a house) and its smaller size compared to the average house in the area (687.86 sqft vs 1,131 sqft). The property appears to be in good condition based on the provided images. There is no visible evidence of significant wear and tear or the need for extensive renovations. The kitchen and bathroom seem recently updated, and the overall presentation suggests a well-maintained property. The small plot size is typical for a flat of this type and location. Considering the property’s condition, location, and size, the list price of £139,950 might be considered reasonable, especially in comparison to other flats in the immediate vicinity (e.g., £96,500 for 23 Joyce Close, £70,000 for 3 Joyce Close). However, it is substantially lower than the average house price in the area, which is expected given the difference in property type and size. The price per sqft is also significantly lower than the area average (£354.00).

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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