Brown & Brand says ..

Property Oracle says ..

The property is a ground floor flat located in Glendale Gardens, Leigh-on-Sea, Essex. It is a two-bedroom, one-bathroom flat with a total area of 725 sqft. The list price is £230,000. The property appears to be in good condition based on the provided images. The interior is modern, with recently fitted flooring and kitchen units. There is no visible evidence of significant repairs or renovations needed. The small rear garden is paved and appears low maintenance. The location is desirable, with several schools within a short distance, including West Leigh Infant School (rated ‘Good’ by Ofsted) and Belfairs Academy (also rated ‘Good’). Leigh-on-Sea train station is less than a kilometer away, providing convenient access to London and other areas. Considering the average price per sqft in the area is £580, and the property is 725 sqft, a rough estimate of the property value would be around £420,500. However, the list price is significantly lower at £230,000. This discrepancy might be due to the smaller size of the property compared to the area average (725 sqft vs 1071 sqft) and the fact that it is a ground floor flat. The lower price may also reflect the lack of a substantial garden. Nearby comparable properties show a wide range of prices, with some significantly higher and some significantly lower than the list price. Therefore, while the property’s condition and location are positive aspects, the price seems unusually low relative to the average price per sqft in the area, but comparable to other flats in the area.

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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