Oakley Property says ..

Property Oracle says ..

The property is a two-bedroom flat located in Malling Place, Spences Lane, Lewes, East Sussex.

It’s situated in the Lewes Bridge locality, with a BN7 2HL postcode. The flat is listed at £235,000 and has a floor area of 555.53 square feet. The area boasts an average house price of £430,434 and an average price per square foot of £505.

The property benefits from a convenient location, with nearby primary and secondary schools such as South Malling Cofe Primary And Nursery School (rated ‘Good’ by Ofsted) and Priory School (also rated ‘Good’). Lewes train station, providing links to Brighton and London, is within a reasonable distance.

Based on the provided images, the property appears to be in reasonably good condition. While the interior shows some signs of wear and tear, it doesn’t appear to require extensive renovations. The kitchen and bathroom are functional, though a modernisation would likely enhance their appeal. The property has a small balcony offering views of the surrounding area. The exterior of the building seems well-maintained. There is also a shared garage available.

The lack of a private garden is a notable factor. The plot size is listed as 0.00 sqft.

Considering the average price per square foot in the area (£505) and the property’s condition and size, the list price of £235,000 seems relatively reasonable, particularly given the lack of a private garden and the smaller size compared to the average property in the area. However, the smaller size and lack of outdoor space may impact its overall value compared to larger properties in the area.

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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