Stratton & King Ltd says ..

Property Oracle says ..

Elgar Lodge, Malvern is a retirement property located in Worcestershire, England. The property is a two-bedroom, one-bathroom apartment with a total area of 674 sqft. It benefits from communal gardens and is conveniently located near Malvern Link train station (0.17km). Several primary schools are within a reasonable distance, including Grove Primary School (rated ‘Good’ by Ofsted) at 0.78km and Dyson Perrins Cofe Academy (also rated ‘Good’) at 1.46km.

The apartment appears to be in good condition based on the provided images. The kitchen and bathroom seem well-maintained and modern. The living areas are clean and neatly furnished. There is no visible evidence of significant repairs or renovations needed. The communal gardens are well-kept and offer a pleasant outdoor space.

The list price of £120,000 is significantly lower than the average house price in the area (£315,928). This is likely due to the property being a retirement apartment and having a smaller size (674 sqft compared to the average of 1,068 sqft). The average price per sqft in the area is £295, making the list price of this property appear relatively low, even considering its smaller size and retirement status. However, nearby comparable retirement properties are listed at prices ranging from £75,000 to £155,000, suggesting that the £120,000 asking price falls within a reasonable range for this type of property in this location.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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