Cheffins Residential says ..

Property Oracle says ..

Ely is a popular market town in Cambridgeshire, known for its historic cathedral and pleasant atmosphere. The property’s location on Kings Avenue places it within reasonable proximity to local amenities, including schools and transportation links. The nearby Ely train station provides access to Cambridge and other areas, enhancing its appeal to commuters. However, the lack of a substantial plot size is a notable drawback, as many buyers in this market segment seek properties with gardens.

Based on the provided images, the property appears to be in good condition. The interior is modern and well-maintained, suggesting that significant renovations are not immediately required. The kitchen and bathrooms are updated, and the overall presentation is clean and appealing.

The list price of £225,000 for an 811.30 sqft apartment in Ely requires careful consideration. The average price per sqft in the area (£678) is significantly higher than the implied price per sqft for this property. However, it’s important to note that the average price for the area (£1,202,316) reflects a broader range of properties, including larger homes, which skews the average. The comparative prices of nearby apartments suggest that the list price is within the reasonable range for the property type and location. The lack of plot size could influence the final sale price, potentially leading to a slightly lower than average price per sqft.

Considering the property’s features, condition, and location, the price appears reasonable for a modern apartment in Ely, though the lack of outdoor space is a factor that may affect its desirability to some buyers. The property is well-presented and situated in a convenient location with good transport links and nearby schools.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images