Chancellors says ..

Property Oracle says ..

This one-bedroom apartment is located in Purton, Swindon, within a retirement complex. The property’s location is convenient, with several highly-rated primary schools nearby (St Mary’s Church of England Primary School, Bradon Forest School). Swindon’s train station is within a reasonable distance for commuting purposes. The property itself is described as being within an exclusive block specifically for over-60s and benefits from lift access and communal gardens. However, while there is communal parking, there is no allocated space for this property. The internal photographs reveal a functional apartment that needs some level of cosmetic improvement to modernise the space. The apartment is currently cluttered with boxes. The kitchen and bathroom appear adequately maintained, but modernising them could increase its market value. The property includes a communal garden, which offers some outdoor space, but it’s important to note this is shared, not a private garden. The lack of provided sqft for the apartment prevents a definitive analysis of the price per sqft and the true value for money offered by the property. Whilst nearby property values vary significantly, with some houses valued much higher than the apartment, there are also similar retirement properties in the area listed at the same price, implying reasonable pricing in this context. Potential buyers should consider the property’s condition, the communal aspects of the development and compare it with the market. Prospective buyers should be aware of the limited personal space provided in the overall space. The property is listed for £90,000, and while limited data obscures a precise comparison to other one-bedroom apartments in the area, within the specific context of retirement properties in the immediate locality, it might represent reasonable value. However a survey should always be carried out by a qualified professional before purchasing.

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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