Howards says ..

Property Oracle says ..

The property is a 2 bedroom detached bungalow situated in Marbella Green, Lowestoft. The asking price is £300,000. The property benefits from a good size rear garden, though it appears to be somewhat unkempt. There is also a detached garage. The interior of the property appears to be in good condition, with a recently modernised kitchen and bathroom. The property is located within reasonable proximity to local amenities including schools and transport links. Based on the provided data, the average house price in the area is £240,889, with an average price per sqft of £287. The subject property is 950 sqft, suggesting a predicted value of approximately £272,650 (£287 x 950). The list price of £300,000 is therefore slightly above the average price per sqft for the area, but considering the property’s condition and the inclusion of a garage and garden, the asking price appears reasonable. Nearby properties on Sedlescombe Road have sold for between £127,000 and £169,000. However, these properties may differ significantly in size and condition, making direct comparison difficult. The nearby listings provide a broader market perspective, with prices ranging from £250,000 to £625,000. The significant variation in these prices highlights the impact of property size, type and condition on value. The property’s location offers convenient access to Oulton Broad South train station (1.19km) and several primary schools within a 1.23km radius. However, the Ofsted ratings of these schools are listed as “Requires Improvement”, which may be a factor for some buyers.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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