Town Property/Town Flats/Town Rentals says ..

Property Oracle says ..

The property is a 3-bedroom detached house located in Elmwood Gardens, Langney, Eastbourne, East Sussex. It has a total area of 775 sqft and benefits from a garden. The list price is £299,950.

Considering the average house price in the area is £556,862 and the average price per sqft is £418, the list price of this property appears significantly lower. However, this needs to be considered in the context of the property’s condition and size. At 775 sqft, it is considerably smaller than the average property size of 1332 sqft in the area. The smaller size and potentially lower condition (as indicated by the images) could justify the lower list price compared to the average. Further investigation into the specific condition of the property would be needed to confirm this.

The property’s location in Langney, Eastbourne, is close to several schools, including Shinewater Primary School and West Rise Community Infant School, both rated as ‘Good’ by Ofsted. It is also within reasonable distance of several train stations, providing access to public transportation. The presence of nearby shops and amenities would further enhance the desirability of the location.

Based on the images provided, the property appears to be in reasonable condition, though some updating or cosmetic work may be needed. The garden is visible in the images and appears to be of a modest size. A more detailed inspection would be necessary to fully assess the condition of both the house and the garden. The property includes features such as a garage, which adds value.

The price of £299,950, while significantly lower than the area average, may be reasonable given the smaller size of the property and its condition. However, a comparative market analysis of similar properties in the immediate vicinity would be beneficial to confirm whether this price reflects fair market value. The presence of nearby properties on Elmwood Gardens with varying prices (ranging from £77,000 to £315,000) suggests a degree of price variability within the street itself.

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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