Thornton Robson Estate Agents says ..

Property Oracle says ..

The property is a 1-bedroom flat located on Main Street in Rugby, Warwickshire. It’s situated in the Newbold And Brownsover locality and has a list price of £109,995. The flat is 500 square feet in size and has one bathroom. The property appears to be in good condition, with modern fixtures and fittings visible in the provided images. The kitchen and bathroom seem well-maintained and updated. There is no evidence of significant wear and tear or the need for major renovations. Considering the average price per square foot in the area is £312, and the property is 500 square feet, a rough estimate of its value would be around £156,000. However, the list price is significantly lower at £109,995. This suggests the property may represent good value for money, especially when compared to similar properties in the area, such as those on Rankine Close, which have sold for between £59,950 and £120,000. The lack of plot size may influence the lower price point. The location is positive, with nearby schools such as Riverside Academy and The Avon Valley School and Performing Arts College, both rated ‘Good’ by Ofsted. Rugby train station is also within reasonable proximity, offering convenient transport links. However, the absence of a garden is a notable factor. In summary, this property presents a potentially attractive opportunity for a first-time buyer or investor seeking a well-maintained flat in a convenient location. The lower-than-average price per square foot, coupled with the relatively good condition and proximity to amenities, makes it a compelling option. However, the lack of outdoor space is a key consideration.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images