The Wright Estate Agency says ..

Property Oracle says ..

This two-bedroom ground floor flat in Lake, Isle of Wight, is listed at £99,000. The property is described as surprisingly spacious, and its location is convenient for the Cliff Path, seafront, and local bus services. The interior photographs show a basic but clean and well-maintained space with dated decor. The kitchen and bathroom look somewhat outdated and might benefit from renovation. The property has limited external space, primarily a small paved area. The location is positive, near the coast, a train station, and several schools with good Ofsted ratings. However, additional information regarding local amenities and a precise square footage would allow for a more detailed analysis of its market value. The listing mentions “CASH BUYERS ONLY”, a factor that could potentially limit the pool of prospective buyers and impact its overall marketability. The price point seems competitive considering similar properties in the area, based on the limited data provided, but more detailed market information would be required to confirm if it constitutes good value for money. In summary, the property offers potential for a first-time buyer or investor who is willing to undertake some modernisation. The lack of garden space is a notable drawback. This property is ideal for buyers seeking a low-maintenance, coastal location but willing to invest in renovations.

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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