Dedman Gray Auction says ..

Property Oracle says ..

This one-bedroom flat in East Tilbury, Essex, is being offered at £55,000. Situated in Stanford House on Princess Margaret Road, it’s conveniently located close to East Tilbury train station, making it accessible to commuters. The flat itself is fairly basic but appears reasonably maintained in terms of cleanliness and functionality. The photos show a simple, dated kitchen and bathroom that would likely benefit from modernisation. A key feature for some buyers will be the proximity to East Tilbury Primary school, which may make the property an attractive option for families. The building is a large multi-unit apartment block, which is worth noting. There is no mention of parking. The lack of external space is a significant drawback. Compared to nearby properties, the price seems reasonable for the location and size, yet the need for potential upgrades and the lack of garden space should be factored in when assessing its overall value. Buyers should consider the costs associated with any necessary refurbishment before committing to purchase. It’s important to review the legal documents of this leasehold property, as this is a crucial part of making an informed decision before purchasing. Given that it’s a leasehold property, potential buyers need to determine the length of the lease and associated ground rent and service charges before making a final decision. The absence of information about the square footage of the individual flat or the average square footage prices of the other flats in the same building does not provide a thorough pricing analysis.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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