Phillips & Still says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom apartment located on Marine Drive in Brighton, East Sussex. The apartment is situated in a coastal location, offering potential benefits such as sea views and proximity to recreational activities. The listed price is £325,000, and the apartment has 732.81 square feet of living space and an 847.12 square foot plot. The area’s average house price is significantly higher at £637,363, with an average price per square foot of £545. However, nearby listings show a range of prices, with some comparable apartments listed for less than the subject property. The average price per sqft for the area is £545, while the subject property’s price per sqft is approximately £443. This suggests that the asking price may be relatively reasonable compared to the area average, considering the size of the property and its location. However, the condition of the property needs to be considered. Based on the provided images, the apartment appears to be in generally good condition, although some areas show signs of needing some modernisation or updating. The kitchen and bathroom appear dated, and some of the furniture and decor is worn. The property has communal gardens and allocated parking. The presence of communal gardens adds value, although the size is not explicitly stated. The allocated parking is a desirable feature in a coastal location. The proximity to transportation links and schools is a positive factor. Several train stations are within a reasonable distance, and while some nearby schools have received “Requires improvement” or “Inadequate” Ofsted ratings, others are rated “Good”. The overall location score should reflect the balance of these factors. In summary, the property’s location on the coast is a strong selling point, but the condition of the property and the need for potential modernisation should be factored into the overall assessment. The price, while initially seeming lower than the area average, should be viewed in context with the property’s condition and the available comparable properties in the area.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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