Watson Bull & Porter says ..

Property Oracle says ..

The property is a 2 bedroom, 2 bathroom flat located on Simeon Street in Ryde, Isle of Wight. The flat is part of a larger building, appearing modern in construction and well-maintained from the provided image. It has a list price of £120,000 and a size of 1,002.34 sqft. The plot size is 1,331.50 sqft.

The average price for properties in the area is £312,000 with an average size of 1,234 sqft, resulting in an average price per sqft of £252. This suggests that the list price of £120,000 for this 1,002.34 sqft flat is significantly below the average price per sqft for the area.

Nearby listings show a range of prices for flats, from £90,000 to £175,000. However, the sqft data for these properties is missing, preventing a direct comparison based on price per sqft. Nearby properties, including semi-detached and detached houses, have higher prices, reflecting the difference in property type.

Ryde benefits from several nearby railway stations, providing convenient access to transportation. Several schools are within a reasonable distance, including Dover Park Primary School which has a “Good” Ofsted rating. The proximity to schools and transport links is positive for the property’s location.

Based on the image, the property appears to be in excellent condition, with no visible signs of needing renovation or repair. The presence of a small garden or communal green space is suggested by the image, although the exact details of the outdoor space are unclear.

In summary, while the list price is considerably lower than the average price per sqft in the area, the property’s condition, location, and potential outdoor space contribute to its overall value. The lower price may be attributable to the property being a flat rather than a house, or other factors not included in the provided data.

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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