Gregory Brown says ..

Property Oracle says ..

The property is a retirement property located in Farm Close, Staines-upon-Thames, Surrey. It’s a 1-bedroom, 1-bathroom apartment with a size of 378.42 sqft and a plot size of 507 sqft. The list price is £110,000.

The property is situated within reasonable proximity to several amenities. Staines train station is 1.35km away, offering convenient access to rail transport. Several schools with a “Good” Ofsted rating are also within a 1.25km radius, making it potentially attractive to families or those looking for properties near good schools.

Based on the provided images, the property appears to be in generally good condition for its age, although some modernisation might be desirable. Carpets appear worn in places and the kitchen and bathroom fixtures seem dated. The communal areas appear well-maintained. The property benefits from a communal garden area, offering some outdoor space.

Considering the average price per sqft in the area is £338, and this property is listed at £110,000 for 378.42 sqft, the price per sqft is approximately £290. This is significantly lower than the area average. However, it’s important to note that this is a retirement property, and these properties often command lower prices per square foot than other property types. The lower price point may also reflect the dated condition of the internal fixtures and fittings. Nearby comparable properties, also retirement properties, are listed at £90,000 and £125,000, suggesting the list price is within a reasonable range for this type of property in this location.

Considering all factors, the property presents a potentially good value option, particularly for those seeking a retirement property in this location. However, potential buyers should factor in the cost of potential future renovations or modernisation.

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

Images