Willowgreen Estate Agents says ..

Property Oracle says ..

The property is a 1-bedroom flat located in Skegness, Lincolnshire. It’s situated in a convenient location with nearby schools (Skegness Infant Academy, Skegness Junior Academy, and Skegness Grammar School are all within a 0.42km radius), all of which have a good Ofsted rating. The proximity to Skegness train station (0.30km) provides easy access to transportation.

The flat itself appears to be in reasonable condition. While the images show a clean and functional space, the overall finish is somewhat basic and may benefit from some minor cosmetic upgrades. There is no evidence of significant damage or disrepair. The lack of outdoor space is a notable drawback.

Considering the list price of £85,000, and comparing it to the average price of £183,693 for the area, this property is significantly below average. However, the average price per sqft in the area is £228, while the property’s size is 509.13 sqft. This suggests a price per sqft of approximately £167, which is considerably lower than the area average. This discrepancy is likely due to the property being a flat with no outdoor space. The nearby comparable properties, while varying in price, support the notion that this property is priced competitively for a flat of its size and features in this location.

Considering all factors, the property presents a potentially good value for money, particularly for first-time buyers or investors seeking an affordable entry point into the Skegness market. However, potential buyers should be aware of the lack of outdoor space.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images