Wards Shared Ownership says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom flat located on High Street in Chatham, Kent. It is a shared ownership property listed at £69,000. The flat has a total area of 620 sqft and benefits from a balcony/decking area. The property appears to be in good condition based on the provided photos. The kitchen and bathroom are modern and well-maintained, and the living areas are clean and tidy. There is no evidence of significant repair or renovation needs. While the listing doesn’t specify a garden, the property includes a balcony offering outdoor space. This is a positive aspect, especially for a flat in a central location. Considering the list price of £69,000, the average price for properties in the area is significantly higher at £320,739, with an average price per sqft of £363. However, this average includes a mix of property types, and the subject property is a shared ownership flat. The nearby comparable listings show prices ranging from £69,000 to £180,000 for flats, suggesting that the list price is within the range for similar properties in the area. The relatively low price may reflect the shared ownership nature of the property. The property’s location near Chatham train station and several schools is advantageous, potentially increasing its value. Given the property’s apparent good condition, its convenient location, and the presence of a balcony, the list price appears reasonable, especially considering that it is a shared ownership property. The price per sqft is lower than the area average, which could be attributed to the size of the property and the shared ownership scheme.

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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