Richard Kendall says ..

Property Oracle says ..

This two-bedroom, ground floor apartment in Normanton, Wakefield, is listed at £110,000. The property is exclusively for over-55s and is presented as well-maintained, offering spacious accommodation. The images reveal a reasonably clean, tidy interior. There is a small amount of communal outside space, but no private garden is provided. Conveniently located near Normanton train station and multiple well-regarded schools, the property has the potential to be a suitable purchase for an older individual or couple seeking a low-maintenance, accessible home. The location appears convenient with access to local transport and schooling. However, it’s important to note that the apartment is for over-55’s only, potentially limiting the pool of prospective buyers. Further research into local amenities and comparable property prices in the area would be beneficial for potential buyers to properly assess its value and marketability. The lack of detailed property information provided, such as the specifics of the plot size and the condition of appliances, necessitates caution and a thorough investigation before finalizing any purchase decision. While the listing claims the property is ‘well presented’, the existing furnishings and finishes in the photographs might seem dated to some buyers; refurbishment to meet modern preferences may be beneficial for future purchasers to increase its sale or rental value. For example, upgrading kitchen appliances to modern energy efficient systems would likely improve marketability and reduce future running costs for the new owner. The images appear to lack professionally created photographs and lighting, as a result the apartment might appear less desirable than if it had been presented better. The lack of explicit reference to additional features like parking or communal facilities would also require further investigation during a viewing. Overall, it’s a reasonably priced property in a decent location for its target demographic but potential buyers should be aware of the limitations imposed by the over-55’s stipulation, the lack of a private garden, and potentially required aesthetic upgrades. This would impact the investment value and return on investment compared to larger family homes and more modern properties.

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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