Knight & Knoxley says ..

Property Oracle says ..

The property is a 1-bedroom apartment located on Gladstone Terrace in Brighton, East Sussex. The apartment is listed at £240,000 and has a floor area of 153.74 sqft and a plot size of 632 sqft. The property benefits from a convenient location, being close to several well-regarded schools such as Fairlight Primary School (0.43km), St Martin’s Cofe Primary School (0.56km), and Elm Grove Primary School (0.78km), all of which have a ‘Good’ Ofsted rating. The proximity to London Road railway station (0.99km) provides easy access to Brighton city centre and beyond. The average house price in the area is £415,240, with an average price per sqft of £489.00. However, nearby properties on Gladstone Terrace show a range of prices, from £39,950 to £220,000, suggesting that the listed price of £240,000 may be at the higher end of the spectrum for this street. Based on the provided images, the apartment appears to be in reasonable condition. While the decor is somewhat dated, there is no obvious evidence of significant structural damage or the need for extensive renovations. The kitchen and bathroom appear functional but could benefit from some modernisation. The small garden area is a positive feature, although it is relatively small. Considering the location, condition, and size of the property, alongside the price range of similar properties in the area, the asking price of £240,000 seems relatively high compared to some of the nearby properties. However, its proximity to good schools and transport links may justify a higher price. The lack of information on the property’s specific condition and recent comparable sales makes a definitive statement on value difficult.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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