Goodman & Lilley says ..

Property Oracle says ..

St Peters Lodge is a retirement property located on High Street, Portishead, North Somerset. The property itself is a one-bedroom, one-bathroom apartment with a total area of 313.50 sqft and a plot size of 412.80 sqft. The list price is £120,000.

The property appears to be in reasonable condition for its age. While the images show some dated features, there is no obvious need for major renovation. The carpets appear worn in places and the kitchen and bathroom are dated, but functional. The communal areas are well-maintained, suggesting the overall building is well-managed.

The location is excellent. It is situated on High Street in Portishead, which offers convenient access to local amenities and transportation links. The proximity to several highly-rated primary and secondary schools is a significant advantage. Portishead itself is a desirable coastal town, further enhancing the location’s appeal.

The plot size is relatively small, typical for a retirement apartment. However, the property benefits from a communal garden area, as shown in the images, providing outdoor space for residents.

Considering the average price per sqft in the area is £511, and this property is listed at £120,000, the price appears reasonable, especially when considering the property’s location and condition. Nearby comparable properties, although varying in size and type, are generally priced higher, supporting the relative value of this listing. The smaller size of the property and the fact it is a retirement property, however, may justify the lower price per sqft compared to the area average.

Based on the provided information, the property represents a potentially good value option for a buyer in the retirement market seeking a convenient and well-located apartment in Portishead.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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