Mackay Property, Powered by eXp UK says ..

Property Oracle says ..

The property is a two-bedroom, two-bathroom ground floor flat located in Gilston, East Hertfordshire. The list price is £400,000.

Based on the provided images, the property appears to be in excellent condition. The kitchen and bathrooms are modern and well-maintained. The living areas are tastefully decorated and well-presented. There is no visible evidence of wear and tear or the need for renovation.

The property benefits from access to a private garden area. While the exact plot size is not specified, the images show a pleasant outdoor space. The surrounding area also includes extensive communal green spaces, adding to the overall appeal.

Considering the average price per square foot in the area is £415, and the property is 938 sqft, a rough estimate of the expected price would be approximately £389,530. However, the average property price in the area is significantly higher at £779,051, and the average property size is 1,877 sqft. The property’s smaller size and ground floor location likely contribute to the lower list price compared to the area average. Nearby comparable properties on Bowlby Hill are listed between £399,950 and £420,000, supporting the reasonableness of the £400,000 list price for this ground floor flat. The proximity to good schools and transport links further enhances the property’s value.

Considering the condition, location, and available land, the list price of £400,000 for this property appears reasonable, especially given its smaller size and ground floor location compared to other properties in the area.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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