May's says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom flat situated in Felpham, West Sussex, listed at £175,000. The flat has a size of 477 sqft and is located within a short distance of Felpham Community College and Downview Primary School, both rated ‘Good’ by Ofsted. Bognor Regis train station is also relatively close by, offering convenient transport links. The images show the property to be in a reasonably good condition, although some modernisation may be desirable. The kitchen and bathroom appear to be reasonably well-maintained. The property benefits from a small garden area.

Considering the average house price in the area is significantly higher at £761,083, and the average price per sqft is £597, this property appears to be priced considerably lower. However, it’s important to note that the average price and price per sqft may be skewed by larger properties. The nearby listings show a range of prices, with some properties in the same area selling for similar prices, particularly those that are retirement properties or flats. The lack of plot size information for the comparable properties makes direct comparisons difficult.

Given the property’s location near schools and transport links, its seemingly good condition (based on the images), and its relatively small size and lack of significant plot size, the list price of £175,000 may represent reasonable value, especially in comparison to other retirement properties in the area. However, a full survey would be recommended to fully assess the property’s condition and potential for future maintenance 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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