Chancellors says ..

Property Oracle says ..

The property is a 2 bedroom flat located in Surbiton, Surrey. It is listed at £250,000 and has a size of 1,321.05 sqft. The plot size is 536.04 sqft.

The location is reasonably good, with several nearby schools and transportation options. Knollmead Primary School, rated ‘Good’ by Ofsted, is within a short distance, making it attractive to families. Tolworth train station is 0.27km away, offering convenient access to commuting routes. However, the average house price in the area is significantly higher (£590,968) than the listed price of this property. This suggests the location might be slightly less desirable than the average in Surbiton, possibly due to the specific street or proximity to less desirable amenities.

Based on the provided images, the property appears to be in fair condition. While it is habitable, the interior shows signs of wear and tear, and some areas appear cluttered and could benefit from a thorough clean and redecoration. There is no visible major damage, but the overall presentation suggests a need for some updating and modernisation to enhance its appeal. The kitchen and bathroom appear functional but dated.

The property includes a small garden or outdoor space, which is a positive feature, although the exact size and condition cannot be fully assessed from the provided images. It is likely a relatively small garden, typical for a flat in this area.

Considering the condition, location, and land, the list price of £250,000 seems relatively low compared to the average price per square foot in the area (£492.00). The property’s size (1321.05 sqft) suggests a price per sqft of approximately £189, which is considerably below the average. However, the condition of the property and the fact that it is a flat, rather than a house, partially explains this discrepancy. The lower price could be attractive to buyers looking for a more affordable entry point into the Surbiton market, but they should be prepared for potential renovation costs.

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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