Watson Bull & Porter says ..

Property Oracle says ..

The property is a 2-bedroom flat located on Alexandra Road in Ryde, Isle of Wight. The list price is £95,000. The property appears to be in reasonable condition, although some modernisation may be desirable. The bathroom and kitchen are functional but dated. The flooring and décor throughout are simple and could be updated to enhance the property’s overall appeal. There is a small, manageable garden area. Ryde is a popular coastal town on the Isle of Wight, offering various amenities, including shops, restaurants, and transport links. The proximity to Ryde St Johns Road train station (0.76km) provides convenient access to other parts of the island. Several primary schools are within a reasonable distance, with Dover Park Primary School receiving a “Good” Ofsted rating. However, the property’s location on Alexandra Road may not be considered the most desirable in Ryde, potentially affecting its value compared to properties in more central or prestigious areas. Considering the average price per square foot in the area (£252) and the property’s size (611.39 sqft), a rough estimate of the property’s value would be around £154,000. However, the actual market value is significantly influenced by the property’s condition and location. The list price of £95,000 is substantially below this estimate, suggesting it could represent good value for money, particularly for a buyer looking for a property requiring some modernisation. However, the lack of plot size and the relatively dated condition of the property should be considered. Nearby comparable properties on Alexandra Road sold for £74,000 and £66,000, which supports the current listing price.

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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