Wyatt Hughes says ..

Property Oracle says ..

The property is a 1-bedroom flat located on Pevensey Road in St. Leonards-on-Sea, East Sussex. It is a period property with high ceilings and original features, such as fireplaces and ornate cornicing. The property has an 883 sqft plot size. The list price is £175,000.

The property appears to be in need of some modernisation and updating. Whilst the original features are attractive, the décor is dated and some areas appear tired. The bathroom and kitchen are particularly basic. The property benefits from a small garden visible from the kitchen window.

The location is good, being in Central St Leonards, relatively close to St Leonards Warrior Square train station (0.55km). There are also several schools within a reasonable distance, including Christ Church Cofe Primary and Nursery Academy (rated ‘Good’ by Ofsted).

Considering the average price per sqft in the area is £351, and this property is 883 sqft, a reasonable estimate would be around £309,533. The list price of £175,000 is significantly below this estimate. However, the need for modernisation and updating must be considered, which could explain the lower price. The nearby comparable properties show a wide range of prices, from £75,000 to £395,000, making it difficult to definitively assess the value of this specific property without a more detailed survey.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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