Hose Rhodes Dickson says ..

Property Oracle says ..

The property is a 2 bedroom maisonette located on Palmerston Road in Shanklin, Isle of Wight.

Shanklin is a popular seaside town on the south coast of the Isle of Wight, known for its beaches and Victorian architecture. The property itself is a relatively small maisonette with a total area of 406 sqft. This is significantly smaller than the average property size in the area (1156 sqft).

The property appears to be in reasonable condition, though it may benefit from some modernisation. The kitchen and bathroom appear functional but dated, and the carpeting throughout the property looks worn. There is no evidence of major structural issues or significant damage.

The property is situated close to the coast and benefits from its proximity to Shanklin’s amenities. The nearby railway station provides convenient access to other parts of the island. Several schools are also located within a reasonable distance, making this an attractive location for families.

The list price of £125,000 is considerably lower than the average house price in the area (£291,911). However, it’s important to note that the property is significantly smaller than the average property and is a maisonette, rather than a detached house or semi-detached house. The price per sqft is also lower than the average (£252.00), which suggests that the property may represent good value for money, especially considering the location and proximity to amenities. However, potential buyers should factor in the costs of potential modernisation and updating.

Considering the property’s size, condition, and location, the list price appears reasonable, particularly given the lower than average price per sqft. However, potential buyers should carefully consider their budget and factor in any necessary renovation costs.

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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