Hose Rhodes Dickson says ..

Property Oracle says ..

The property is a 3 bedroom, 1 bathroom bungalow located in Lake on the Isle of Wight. The property is listed at £350,000 and has 1,039 sqft of living space and a plot size of 1,039 sqft. Based on the provided images, the property appears to be in good condition. The interior is well-maintained and recently updated with a modern kitchen and bathroom. There is evidence of recent redecoration and improvements throughout. The property benefits from a good-sized garden, which is well-maintained and has a decked area. This adds to the overall appeal and provides outdoor space for relaxation and entertaining. The location is positive. The property is situated close to Broadlea Primary School (0.06km), which is rated ‘Good’ by Ofsted. Lake train station is also within a reasonable distance (1.01km), providing convenient access to other areas of the island. The proximity to local amenities and transport links enhances the desirability of the property. Considering the average price in the area is £312,000 and the average price per sqft is £252, the listed price of £350,000 for this 1,039 sqft property seems slightly higher than the average price per sqft in the area. However, given the property’s good condition, the presence of a garden, and its proximity to local amenities and transport links, the asking price may be justified. Nearby comparable properties on Berry Hill range from £165,000 to £236,000, suggesting that the listed price is at the higher end of the market, but not unreasonable given the property’s condition and features. Further analysis of comparable properties with similar features would be needed to make a definitive statement.

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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