Martin & Co says ..

Property Oracle says ..

The property is a 6-bedroom, 5-bathroom apartment located in Portland, Dorset, with a list price of £398,000. The apartment has a floor area of 785.77 sqft and a plot size of 0.00 sqft. The property benefits from a small, enclosed rear garden. The area has an average house price of £224,415 and an average price per sqft of £208. Nearby properties are predominantly flats and terraced houses, with prices ranging from £125,000 to £245,000. The closest railway station is Weymouth, approximately 5.96 km away. Several schools are within a reasonable distance, including St George’s Community Primary School (rated ‘Good’ by Ofsted) and Outlooks - Portland Children’s Centre. The property appears to be in good condition based on the provided images. The interior is clean and well-maintained, with modern fixtures and fittings in the kitchen and bathrooms. The exterior of the building also appears to be in good condition. However, the small size of the plot (0.00 sqft) is a notable factor. Given the average price per sqft in the area (£208) and the property’s size (785.77 sqft), a reasonable expectation for the price might be in the region of £163,000. The list price of £398,000 is significantly higher than this estimate. This discrepancy needs to be considered in the context of the property’s location, condition, and the number of bedrooms and bathrooms. While the property is in a reasonable location with access to schools and transportation, the lack of land and the high price compared to similar properties in the area suggest that the list price may not represent good value for money.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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