King & Chasemore says ..

Property Oracle says ..

The property is a 1-bedroom flat located on Crescent Road in Bognor Regis. The flat is 485.45 sqft and is listed at £115,000.

The location is good, with nearby schools such as St Mary’s Catholic Primary School and Edward Bryant School receiving good Ofsted ratings. Bognor Regis train station is also within walking distance, providing convenient transportation links.

Based on the provided images, the property appears to be in reasonable condition, though some updating or modernisation may be desirable to enhance its appeal. The carpets appear worn, and the décor is dated. The kitchen and bathroom are functional but could benefit from upgrades.

The property does not appear to have a private garden. The plot size is the same as the square footage, suggesting it’s a flat within a larger building.

Considering the average price per sqft in the area is £452, and this property is listed at a price that is significantly lower than the average for the area, the list price of £115,000 might seem reasonable, particularly given its size and the need for some modernisation. However, the lack of a garden may affect its desirability and price compared to other properties in the area. Nearby comparable properties range from £80,000 to £225,000, with a significant variation in property type. This suggests that the list price falls within the lower range of the market, making it potentially attractive to first-time buyers or investors.

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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