Gilson Bailey says ..

Property Oracle says ..

The property is a 2-bedroom apartment located in Thorpe St Andrew South East, Norwich, with a list price of £150,000. The apartment has 875 sqft of living space. The area has an average house price of £323,250 and an average price per sqft of £327. Nearby properties range significantly in price, from £126,884 to £775,000, reflecting a diverse market. The apartment’s location benefits from proximity to several schools with good Ofsted ratings (St William’s Primary School, Lionwood Infant and Nursery School, Heartsease Primary Academy, Lionwood Junior School), all within a 1.59km radius. Transportation links are also convenient, with Norwich train station 2.65km away. The images suggest the apartment is in reasonable condition, although some areas may benefit from modernisation. The property does not appear to have private land. Given the average price per sqft in the area (£327) and the apartment’s size (875 sqft), a potential valuation could be around £286,125. However, the actual list price is significantly lower (£150,000). This suggests that the property may represent good value, potentially due to factors such as the apartment’s position within the building or the lack of outdoor space. Further investigation into comparable properties in the immediate vicinity would help to refine this assessment.

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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