Arnolds Keys says ..

Property Oracle says ..

The property is a 2 bedroom flat located on Overstrand Road in Cromer, Norfolk. It is listed at £220,000 and has 680 square feet of living space and an 816 square foot plot. The location is good, with nearby schools rated as ‘Good’ by Ofsted and several train stations within a reasonable distance. The proximity to Cromer town centre provides access to amenities and services. Based on the provided images, the property appears to be in reasonable condition. While the decor is dated, the property does not appear to be in need of significant renovation. The fixtures and fittings seem functional, though some updating would likely enhance its appeal. The property includes a small plot of land, providing some outdoor space. However, it’s not extensive. Considering the list price of £220,000, the average price in the area is £343,073 and the average price per square foot is £273. This property is priced significantly below the average for the area. However, it is important to note that the average price per sqft is calculated using properties with significantly larger sqft than this property. The lower price may reflect the smaller size and dated interior of the flat. Nearby comparable properties support this assessment, with prices ranging from £146,000 to £595,000. The smaller size and dated interior of the flat are likely contributing factors to the lower 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. *

Images