McCarthy & Stone Resales says ..

Property Oracle says ..

This is a two-bedroom apartment located in Friargate, Penrith, within a McCarthy & Stone retirement living development. The apartment appears well-maintained and presented, based on the provided photos. The interior shows a modern design and is furnished to a reasonably good standard. The location is advantageous, with proximity to Penrith town centre, local schools (including Brunswick School which has a good Ofsted rating), and Penrith train station which is under 1.5 km away. The development itself benefits from communal garden areas, offering a pleasant outdoor space for residents. The price of £245,000 seems in line with similar properties in the area that are also listed as retirement properties or apartments. However, there is a lack of information about the exact size of the apartment, which makes a thorough price-per-square-foot analysis impossible. The apartment being located in a retirement development will likely have an impact on potential buyers, as it is not suited for families, for example. Overall, this property offers a convenient and comfortable living arrangement for individuals or couples seeking a low-maintenance lifestyle in a well-located retirement community. The small plot size is a key factor impacting the desirability for buyers outside of the retirement community age range.

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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