Brown & Kay says ..

Property Oracle says ..

The property is located on Chine Crescent Road in Bournemouth, a desirable coastal location in Dorset. The area benefits from proximity to sandy beaches, which is a significant advantage. Several nearby listings show a range of prices, suggesting some variability in the market. The average price per square foot in the area is £399, which provides a benchmark for evaluating the listed price of this property.

Based on the provided images, the property appears to be in need of some updating and modernisation. The décor is dated, and some minor repairs may be necessary in the bathroom. The kitchen, while functional, also shows its age. The overall condition is not poor, but significant improvements could enhance its appeal and value.

While the listing mentions a balcony, there is no clear indication of a garden or significant outdoor space. The plot size is relatively small, which is typical for apartments in this area.

Considering the property’s condition, the relatively small plot size, and the location’s desirability, the list price of £175,000 appears to be at the lower end of the market value. While the property requires modernisation, its location and proximity to amenities could justify the price, especially for buyers seeking a coastal property that needs renovation. The lower price point may also reflect the need for lease extension. The average price for similar properties in the area is significantly higher, indicating that this property might present a good value proposition for buyers willing to undertake renovations.

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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