Clifford Dann says ..

Property Oracle says ..

The property is a one-bedroom apartment located in Lewes, East Sussex. The apartment is situated on Spences Lane, close to Lewes Children’s Centre (0.07km) and South Malling Cofe Primary and Nursery School (0.49km). Lewes train station is also within reasonable distance (1.14km), providing convenient access to other areas.

Based on the provided images, the property appears to be in generally fair condition. While the flooring and walls seem clean and well-maintained, the kitchen and bathroom show signs of age and could benefit from some modernisation. The overall condition is acceptable for its age but some updating would enhance its appeal.

The property’s plot size is 408.59 sqft, which is equal to its internal size, indicating that it does not have a private garden. This is a significant factor to consider for potential buyers seeking outdoor space.

Considering the list price of £185,000, the average price of properties in the area (£430,434) and the average price per sqft (£505.00), this property is significantly underpriced. However, the lack of a garden and the need for some modernisation must be taken into account when assessing the value. The nearby comparable property on Spences Lane, Lewes, sold for £200,000, suggesting that the listed price might be slightly undervalued, especially given its convenient location and proximity to local amenities and transport links. Further analysis of comparable properties with similar features and condition would be beneficial to determine a more precise valuation.

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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