William H. Brown says ..

Property Oracle says ..

The property is a two-bedroom flat located on Oxford Road in Clacton-on-Sea, Essex. It is listed at £110,000. The property is in need of significant renovation. The walls show signs of damp and mold, and the carpets are worn. The kitchen and bathroom are dated and require updating. The overall condition is poor. While the property is close to Clacton-on-Sea train station (0.43 KM), providing convenient access to transportation, the lack of a garden is a drawback. The average house price in the area is significantly higher (£374,740), and the average price per square foot is £373. This property, at £110,000 for 450 sqft (£244 per sqft), is priced considerably lower than the average. However, given its poor condition, the price may reflect the extensive renovation required. Nearby comparable properties range from £113,000 to £164,500, suggesting the listed price is within the range of similar properties in the area, although it is important to note that the square footage for these properties is not provided. Several good schools are within a reasonable distance, adding to the property’s positive aspects in terms of location. Considering the condition, lack of garden, and the need for substantial renovation, the price reflects the property’s current state. The location, however, is a positive factor due to its proximity to transportation and schools.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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