Appointmoor Estates says ..

Property Oracle says ..

The property is a 1-bedroom flat located on Elderton Road in Westcliff-on-Sea, Essex. The list price is £165,000. The property is in need of modernisation and is a period property. The property’s location is good, with several schools and transportation links within a reasonable distance. Westcliff train station is only 0.56km away, providing easy access to Southend-on-Sea and London. Several schools are located within approximately 1km, including St Bernard’s High School which has a ‘Good’ Ofsted rating. Based on the provided images, the property appears to be in need of significant renovation. The décor is dated, and the fixtures and fittings look worn. The property shows signs of age and requires modernisation throughout. The property does not appear to have a significant amount of land associated with it. The plot size is listed as 0.00 sqft. Considering the property’s condition, the need for renovation, and the lack of land, the list price of £165,000 seems relatively reasonable compared to other properties in the area. While the average price for properties in the area is significantly higher (£551,099), this is likely due to larger properties and those in better condition. The average price per sqft in the area is £501, which is significantly higher than the implied price per sqft of this property (£330), indicating that the property is priced competitively given its condition and size. However, the lack of sqft information for comparable properties makes a definitive conclusion difficult. Nearby properties on Elderton Road have sold for prices ranging from £25,000 to £200,000, suggesting variability in pricing within the street.

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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