Michael Jones & Bacon says ..

Property Oracle says ..

The property is located in St Marks Crescent, Sompting, West Sussex. It’s a semi-detached house with 4 bedrooms and 2 bathrooms, spanning 799.11 sqft on a plot of 1,210.18 sqft. The asking price is £500,000.

The property appears to be in excellent condition. The images show a recently renovated interior with modern fixtures and fittings. The kitchen and bathrooms are modern and well-maintained, and the living areas are tastefully decorated. There is also evidence of a well-maintained garden.

The location is good. It is within reasonable distance of several schools, including Sompting Village Primary School (1.08km) and Boundstone Nursery School (1.59km). There are also several train stations within a reasonable commuting distance, including East Worthing (1.46km) and Lancing (2.11km).

Considering the property’s excellent condition, desirable location, and the inclusion of a garden, the list price of £500,000 appears reasonable. While the average price in the area is higher (£705,248), this property is smaller than average (799.11 sqft vs 1,415 sqft). The average price per sqft in the area is £498, and this property’s price per sqft is approximately £625. While this is higher than the area average, the superior condition and recent renovations justify the higher price per sqft. Nearby comparable properties on St Marks Crescent support this assessment, with prices ranging from £154,995 to £512,000. The lack of sqft data for these comparables makes a precise comparison difficult, however the range suggests that £500,000 is within the reasonable range for this property.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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