Homewise says ..

Property Oracle says ..

The property is a one-bedroom, one-bathroom apartment in a retirement complex. The images show a modern, well-maintained interior with a recently updated kitchen and bathroom. The apartment appears to be in excellent condition. The complex benefits from communal gardens and a residents’ lounge, offering additional amenities for residents. The location is convenient, with proximity to local shops, amenities, and transport links, including Romford station (TfL Rail). The presence of several nearby schools, rated “Good” or “Outstanding” by Ofsted, further enhances the appeal of the location for potential buyers. However, the list price of £84,000 is significantly lower than the average house price in the area (£405,840). While the property is a retirement apartment and smaller than the average property, the price difference is substantial. Nearby comparable retirement apartments are listed at prices ranging from £95,000 to £125,000. Therefore, while the property itself appears to be in good condition and well-located, the list price may be exceptionally low, possibly reflecting factors not immediately apparent from the provided data. Further investigation into the specific details of the leasehold agreement, any associated service charges, or potential restrictions on ownership may be necessary to fully assess the value.

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