Tudor & Co says ..

Property Oracle says ..

This one-bedroom retirement apartment in Surbiton, KT6, is listed at £120,000. The property is located on St. Mark’s Hill, a convenient location near Surbiton station, providing quick access to London Waterloo. The surrounding area offers a good range of local amenities, including shops and schools. Several nearby schools have good Ofsted ratings. The property itself is a retirement flat within a purpose-built development for the over-60s and features a recently updated bathroom. However, other areas of the property look dated and might require some updating. The apartment benefits from communal grounds and a communal laundry. A key aspect to note is the property’s age restriction. The listing explicitly states that it’s for those aged 60 and over (or 55 with a partner), which significantly limits the potential buyer pool. While the price may be attractive within its limited market, the lack of private outdoor space and the age restriction should be considered when assessing its overall appeal and value. The lack of square footage information on comparable properties makes comparing prices more challenging. Potential buyers should carefully consider the need for renovations, the age-restriction limitation, and the size of the property relative to the price.

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

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