Petty Son & Prestwich Ltd says ..

Property Oracle says ..

The property is a 1-bedroom flat located on High Road, Loughton, Essex. The flat is part of a larger building and benefits from a communal garden area. The interior appears dated and could benefit from some modernisation. The location is convenient, with several schools within a reasonable distance, including Roding Valley High School (0.54km), Oaklands School (0.72km), and Staples Road Primary School (0.91km). Transport links are also relatively close, with several train stations within a 10km radius. However, the average house price in the area is significantly higher than the list price of this property, suggesting a possible discrepancy. Based on the images, the property’s condition is fair. While it is habitable, it shows signs of age and would likely benefit from some updating and modernisation to bring it to a more contemporary standard. The communal garden area appears well-maintained, offering a small outdoor space for residents. Considering the list price of £195,000, the average house price in the area (£802,500) and average price per sqft (£631), this property seems significantly underpriced compared to the average. However, this is likely due to the smaller size and the need for potential modernisation. The nearby comparable properties support this, with prices ranging from £106,500 to £230,000 for flats. The lack of plot size information for the comparable properties makes a precise comparison difficult.

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

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