Watson Bull & Porter says ..

Property Oracle says ..

The property is a 1-bedroom flat located in Ryde, Isle of Wight. The flat is relatively small at 453.16 sqft and is situated on a plot of 463.92 sqft. This suggests a small garden area. The property appears to be in reasonable condition, although some minor cosmetic work may be needed. The walls in some rooms show some minor damage, and the overall aesthetic is somewhat dated. The kitchen and bathroom appear functional but could benefit from a refresh. The location is reasonably convenient, with several nearby schools and transportation links. However, the average house price in the area is significantly higher (312,000) than the list price of this property (125,000). This discrepancy is notable, given that the average price per square foot in the area is £252. This property, at 453.16 sqft, would be expected to cost roughly £114,300 based on the average price per sqft. The list price is therefore significantly below the average for the area. The reason for this lower price may be related to the property’s condition and size. The nearby comparable properties listed show a range of prices, with some being lower and some higher than the list price. Considering the property’s size, condition, and location, the list price of £125,000 may represent good value, but further investigation into the specifics of the property’s condition and any potential repair costs would be beneficial before making a final determination.

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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