Auction House says ..

Property Oracle says ..

The property is a 1 bedroom flat located on Albemarle Crescent, Scarborough, North Yorkshire. It is listed for £60,000 and has 565 sqft of living space. The average price for a property in the area is £302,231 with an average price per sqft of £288. Nearby properties range significantly in price, from £41,500 to £375,000, reflecting the diverse housing stock in the area. The property appears to be in good condition, based on the provided images. The interior is clean and well-maintained, with modern fixtures and fittings. The exterior shows some age but is well-presented. There is a small, manageable garden area. The location is close to several schools, including Friarage Community Primary School (0.16 km) and Scarborough Central (0.22 km). Scarborough train station is also within reasonable distance (1.21 km). This suggests a convenient location with access to amenities and transportation links. However, further investigation into the specific quality of local schools and the desirability of the immediate neighborhood would be beneficial. Considering the property’s condition, location, and size, the list price of £60,000 appears to be very low compared to the average price per square foot in the area. However, the lack of sqft data for nearby properties makes a precise comparison difficult. The lower price may reflect the smaller size of the flat compared to average properties in the area, or it could indicate that the property is being sold below market value. Further analysis of comparable properties with similar sizes and features would be required to determine the true market value and assess the reasonableness of the list price more accurately.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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