Michael Hodgson says ..

Property Oracle says ..

This one bedroom apartment is located in Sanford Court, Sunderland. The property is a retirement apartment and benefits from a residents lounge and other amenities. While the apartment itself is relatively small (700 sqft), its location in Ashbrooke offers proximity to St Aidan’s Catholic Academy (0.20 km) and Ashbrooke School (0.67 km), making it potentially attractive to those seeking a convenient location near good schools. The apartment appears to be in reasonable condition based on the provided images, though a more thorough in-person inspection would be needed to assess its true condition fully. The list price of £48,000 is significantly lower than the average price for the area (£222,851), and this needs to be considered in the context of the property being a retirement apartment. The average price per sqft in the area is £142, but this is not directly comparable due to the difference in property type and size. The lack of plot size is consistent with apartment living. Nearby comparable properties (other retirement apartments in Sanford Court) are listed between £25,000 and £65,000, suggesting the £48,000 asking price is within the range of market values for similar properties in this complex. However, it is important to note that these comparables also lack plot size.

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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