Carruthers & Luck says ..

Property Oracle says ..

The property is a one-bedroom flat located in Peacehaven, East Sussex. Peacehaven benefits from being a coastal town with access to the seafront. The proximity to several schools, including Meridian Community Primary School and Nursery (rated ‘Good’ by Ofsted), is a positive aspect for families. Several train stations are within a reasonable distance, providing links to other areas. However, the average house price in the area is significantly higher than the listed price of this property, suggesting a potential discrepancy. The images show a flat that appears to be in relatively good condition, though somewhat dated. The décor is simple and functional. While the bathroom seems recently updated, the rest of the property could benefit from some modernisation to enhance its appeal. The lack of information regarding the square footage of the property and plot size makes it difficult to provide a definitive assessment of its value. The listed price of £110,000 is considerably lower than the average house price in the area (£734,999). However, this average includes a variety of property types (detached, semi-detached, etc.), and the average price per square foot (£511) is not directly applicable without knowing the square footage of the subject property. Considering the property’s type (a one-bedroom flat) and its location, the price might appear reasonable, but more information is required for a conclusive assessment. Nearby comparable properties on Cavell Avenue are listed between £165,000 and £187,000, suggesting that the listed price may be undervalued. However, the lack of square footage data for these comparables limits the accuracy of this comparison.

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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