Pettengells Estate Agents says ..

Property Oracle says ..

This two-bedroom first-floor apartment in New Milton, Hampshire, presents a mixed bag of opportunities and challenges. Located in Aspen Place, it offers a convenient position near the town centre, benefiting from proximity to shops, schools (such as New Milton Infant and Junior schools, rated Outstanding and Good respectively), and the New Milton train station, which is approximately 1km away. This makes it an attractive location for families and commuters. The apartment itself, however, requires modernisation. The photos reveal dated interiors, carpets, and fixtures, hinting at a need for updating and potential repair works, particularly to the kitchen. This would likely add to the overall cost of ownership. While the apartment’s age may contribute to this appearance, the current condition would likely lower the property’s immediate market value. The lack of a private garden or significant land is also a notable factor. The leasehold nature of the property (39 years remaining) should also be considered as a potential area of concern and factored into the final purchase decision. It should be noted that the size of the apartment is given as 775 sq ft, however, local comparable property sizes are not given, making a true comparison difficult. The list price itself seems fair in the context of nearby properties, with comparable apartments having different list prices, but the work needed brings down the overall desirability. Therefore, the apartment presents a potential investment, but thorough evaluation, including a survey and detailed assessment of the leasehold implications, are strongly recommended before proceeding with a purchase. Potential buyers should weigh the convenience of the location against the cost and effort required for renovations.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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