Ralph James Estate Agents says ..

Property Oracle says ..

Reigate is a popular commuter town located in the South East of England. Prices Lane is situated within the South Park & Woodhatch area of Reigate, which is known for its convenient access to local amenities and transport links. The property’s proximity to Reigate train station (2.09km) provides easy access to London and other major towns. Several schools are also within a reasonable distance, including Reigate Priory Community Junior School, which has an outstanding Ofsted rating. This positive aspect contributes to the desirability of the location.

Based on the provided images, the property appears to be in good condition. The interior is clean, well-maintained, and modern. There is no visible evidence of significant wear and tear or the need for major renovations. The exterior of the building also looks well-maintained. The small patio area provides some outdoor space.

The property includes a small patio area, providing some outdoor space. While not a large garden, it offers a private area for relaxation and enjoyment.

Considering the property’s location, condition, and small outdoor space, the list price of £150,000 appears reasonable. The average price per square foot in the area is £392.00, and this property is listed at a price per sqft of approximately £385.50. While the average house price in the area is significantly higher (£340,602), it’s important to consider the property’s size (389.22 sqft) and type (retirement property). The nearby comparable properties support this valuation, with similar retirement properties listed at comparable prices. The fact that it’s a retirement property with a smaller footprint will naturally result in a lower price compared to larger family homes in the area.

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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