Abbott & Abbott says ..

Property Oracle says ..

The property is a ground floor flat located in Bexhill-on-Sea, East Sussex. It has two bedrooms and two bathrooms, and a total area of 823.42 sqft. The property is listed at £195,000. The property benefits from a good location, being close to several schools, including St Mary Magdalene Catholic Primary School (rated ‘Good’ by Ofsted) and St Richard’s Catholic College (‘Outstanding’). Bexhill train station is also within reasonable distance, providing links to other parts of the country. The presence of a communal garden is a positive aspect. Based on the images provided, the property appears to be in need of some modernisation. The kitchen and bathrooms show signs of age and wear, and the decor throughout is dated. While structurally sound, the property would likely benefit from refurbishment to enhance its appeal and value. Considering the average price per sqft in the area is £415, and the property’s sqft is 823.42, the expected price would be approximately £342,000. However, the list price is significantly lower at £195,000. This discrepancy could be attributed to the property’s condition and the fact that it is a ground floor flat. While the lower price may make it attractive to buyers looking for a renovation project, it’s important to factor in the costs of modernisation. The smaller plot size compared to the area average also influences the price.

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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