McCarthy Stone says ..

Property Oracle says ..

This property is a 1-bedroom retirement apartment located in Thatcham, Berkshire. The apartment is part of a McCarthy Stone development, suggesting a focus on retirement living amenities and potentially a managed community.

The apartment itself appears modern and well-maintained based on the provided images. The finishes are contemporary, and the space seems efficiently designed. There is no visible evidence of disrepair or the need for renovation.

While the listing does not specify a plot size, the images show access to communal outdoor space, including a well-maintained garden area with seating. This provides residents with an outdoor amenity, although it is not private garden space.

The list price of £140,000 is significantly lower than the average house price in the area (£344,600). However, this is expected given that it is a retirement apartment and significantly smaller (395 sqft compared to the average of 951 sqft). The average price per sqft in the area is £362, which is considerably higher than the price per sqft implied by this listing. This suggests that the price may represent good value for a retirement apartment of this type and size in this location. The nearby comparable properties also support this, with prices ranging from £62,000 to £399,000, reflecting the diversity of property types in the area. The location benefits from proximity to Thatcham train station and several well-regarded schools, enhancing its appeal.

Based on the above, the property presents a potentially good value option for a retiree seeking a modern, well-maintained apartment in a convenient location.

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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