The listed price of £25,000 appears low compared to other properties in the area, especially considering nearby apartments are listed at far higher prices. However, it’s important to note that the property is a retirement apartment and is described as ‘substantially below current market value’. The low price reflects the unique nature of this type of property and its restricted target market. This makes the price seem relatively reasonable. More detailed comparative analysis is needed.

Based on the photos, the apartment appears to be in reasonable condition for its age. While some aspects, like the carpets and decor, may seem dated, it doesn’t appear to be in disrepair or require extensive renovation. The bathroom shows signs of some modernisation with the shower/bath and accessible features, suggesting some investment has been made. A full inspection would be needed to confirm overall condition.

The property is located in Rochford, Essex, which benefits from proximity to local amenities, schools, and transport links, including a railway station with connections to London. The presence of well-regarded primary schools within a short distance adds to the appeal, contributing to a positive location score. However, it’s a retirement apartment, which may limit its appeal to a smaller pool of buyers. The immediate surroundings appear relatively quiet and residential.

The property is a retirement flat with minimal outdoor space. While there are communal gardens, the lack of a private garden significantly reduces the land score.