Archbold & Edwards says ..

Property Oracle says ..

The property is a one-bedroom, one-bathroom apartment located on Spruce Avenue in Waterlooville, Hampshire. The list price is £199,995, and the property has a floor area of 675 sqft.

The property appears to be in reasonable condition for its age, though some modernisation would likely enhance its appeal. The carpets appear worn, and the décor is dated. The kitchen and bathroom seem functional but could benefit from updating. The small garden is a positive feature.

While the property’s location in Waterlooville offers proximity to local shops and bus routes, and easy access to the A3, the area’s average house price (£436,333) and price per sqft (£329) are significantly higher than the property’s list price and sqft. Nearby comparable properties on Spruce Avenue have sold for prices ranging from £96,745 to £325,000, indicating a wide price range in the area. This suggests that the property’s list price may represent good value, especially considering its proximity to local amenities and transport links. However, the lack of plot size is a significant drawback. The small size of the property and the dated interior may also affect its perceived value.

Considering the condition, location, and limited land, the property’s list price appears to be relatively low compared to the average price per sqft in the area. However, the age and condition of the property should be considered when assessing its overall value.

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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