The asking price of £1,500,000 seems somewhat high compared to other listed properties, even considering its location and historic character. The lack of square footage data for nearby properties and the historical average price per square foot makes a definitive comparison difficult. However, a more detailed analysis of comparable recently sold properties in the immediate vicinity is needed to firmly establish value for money.

While the property appears to be well-maintained and has character features, some areas show signs of age and potential updating needs (based on image assessment). It’s not in need of major renovations, but some elements like decor and perhaps some modern conveniences would boost the score. The overall condition seems respectable for its age and style.

The property is located on Mermaid Street in Rye, East Sussex, a highly desirable location known for its historic charm and picturesque setting. It’s within walking distance of shops, transportation (Rye train station is 0.35km away), and schools. The area is a popular tourist destination and has a strong sense of community, adding to its appeal and potential for capital appreciation.

The property has a garden, but the size appears relatively small and average compared to other similar properties in the area. It offers a degree of outdoor space, which is desirable but not exceptionally large. More information on the plot size would allow for a more accurate assessment.