DMA says ..

Property Oracle says ..

This two-bedroom apartment located in Filey, North Yorkshire, is listed at £135,000. Situated within Filey Fields Court, a purpose-built development for over 55s, this first-floor apartment offers a relatively modern and clean living space. The property features a fitted kitchen, large shower room, and allocated parking, appealing to those seeking low-maintenance living.

The interior is well-presented in the provided photographs. The kitchen appears modern and functional, and the living area offers a comfortable space. The apartment’s location in Filey provides access to the town’s amenities, including local shops, schools, and transportation links via the nearby Filey train station. The coastal setting may appeal to many buyers. However, the property is notably lacking in outdoor space which is a significant drawback, as the plot size is recorded as 0.00 sqft. The property is sold on a shared ownership basis (75% share). This shared ownership aspect will impact the total value of the property.

While this property offers the convenience of a modern apartment and coastal location, potential buyers should carefully consider the implications of the shared ownership agreement and the lack of outdoor space before making an offer. Further information on the shared ownership arrangement is necessary for a full evaluation. More comparable data is needed, but it is reasonable to assume that similar properties in the area are selling between £120,000-£160,000 based on this data. Given the limited plot size and shared ownership status, the price might not represent exceptional value for money for all purchasers, particularly when compared to detached houses or freehold properties within the area.

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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