Fox & Sons says ..

Property Oracle says ..

This maisonette is located on New Road in Shoreham-by-Sea, a town in West Sussex. The property itself is a two-bedroom, one-bathroom maisonette with a total area of 601 sqft and a plot size of 738 sqft. The asking price is £290,000.

The location is positive, with nearby transportation links (Shoreham-by-Sea station is 0.28km away) and several well-regarded schools within a reasonable distance (e.g., Buckingham Park Primary School, 0.74km). The area also benefits from the amenities of Shoreham-by-Sea town centre.

Based on the provided images, the property appears to be in good condition and has been recently updated or renovated. The kitchen and bathroom are modern and well-maintained. The interior is presented well and shows a modern style. There is no evidence of significant repairs or renovation needs. The property also benefits from having a small garden visible from the kitchen window.

Considering the average price per sqft in the area (£519) and the property’s size (601 sqft), a rough estimate of the property value would be around £311,000. However, the average house price in the area is significantly higher (£520,205), and the average house size is also larger (1,002 sqft). The nearby property sales show a range of prices, some higher and some lower than the asking price of this property. The smaller size and maisonette style of the property may account for the lower price compared to the area average.

Given its location, condition, and the available information on comparable properties, the list price of £290,000 appears to be reasonable, potentially slightly below market value, considering its size compared to the area average.

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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