Farndell Estate Agents says ..

Property Oracle says ..

The property is a 2-bedroom retirement property located in Bognor Regis, West Sussex. The listing price is £125,000, and the property has 579.10 sqft of living space and a plot size of 667.36 sqft.

Considering the images provided, the property appears to be in good condition for its age. The interior is clean and well-maintained, although the style is somewhat dated. There is no obvious need for major renovations. The communal areas also appear clean and well-maintained.

The property benefits from its proximity to Bognor Regis train station (0.92km), offering convenient access to transportation links. Several schools are also within a reasonable distance, including Bognor Regis Nursery School (rated Outstanding by Ofsted) which is less than 0.5km away. This is a positive factor for families or those considering the property as an investment. The presence of a small communal garden area is noted, although it is not extensive.

Compared to the average price per sqft in the area (£597.00), the property’s price of £125,000 appears reasonable given its size and condition, especially considering it is a retirement property. However, it’s important to note that the average house price in the area is significantly higher (£761,083), suggesting that this property may be priced competitively within its specific market segment. Nearby comparable properties, although limited in data provided, show a range of prices, indicating some degree of price variability in the area.

Based on the available data, the property presents a reasonable value for its location, condition, and size, particularly within the retirement property market segment. Further investigation into the specific details of the property’s leasehold agreement and any associated service charges would be beneficial for a potential buyer.

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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