PH Estate Agents says ..

Property Oracle says ..

This one-bedroom apartment located on Broadway West in Dormanstown, Redcar, is listed for £40,000. The property’s size is 313.12 sqft and boasts a functional if somewhat dated interior. Images show a simple kitchen, a living area, and a bedroom with built-in mirrored wardrobes. The bathroom has basic but clean fixtures. The apartment benefits from its relative closeness to Dormanstown Primary Academy. The nearby areas present a range of property prices; some significantly higher than the list price of this subject property. The absence of outdoor space is a notable drawback. While the property appears to be in reasonable condition, requiring no immediate major repairs, potential buyers should understand the lack of space and perhaps consider the location’s desirability relative to surrounding areas in terms of property prices. The lack of plot size further diminishes its overall appeal; the asking price reflects the size and location factors. This would suit an investor seeking rental income given a tenant is already in place, or a first-time buyer looking for an affordable entry point into the market, acknowledging the limitations in terms of space and location.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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