Miles & Barr says ..

Property Oracle says ..

This 2-bedroom bungalow in Margate, Kent is listed at £260,000. The property is situated on Nash Lane, within the Salmestone locality. The area benefits from relatively close proximity to several primary schools with a good Ofsted rating, and several Southeastern train stations are within a reasonable distance, offering convenient access to other parts of the region. The bungalow itself appears to be in need of some modernisation and updating, with dated interiors visible in the provided images. The kitchen and bathrooms appear particularly in need of refurbishment. The property includes a small garden with artificial turf.

Considering the average house price in the area is £321,534 and the average price per square foot is £436, the listed price of £260,000 for this 887 sq ft property could be considered relatively low. However, the condition of the property needs to be factored in. The need for modernisation and updating will likely influence buyer decisions and could justify the lower price point compared to other properties in the area. The lack of information on the plot size of nearby properties makes a definitive comparison challenging.

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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