Patrick Gardner says ..

Property Oracle says ..

The property is located in Pegasus Court, Leatherhead, Surrey. It’s a 3-bedroom, 2-bathroom apartment with a total area of 240.60 sqft and a plot size of 1,218.00 sqft. The list price is £399,950.

The location is good, with several schools (including some with outstanding Ofsted ratings) within a short distance, and Leatherhead train station is also relatively close by, providing convenient access to transportation links. The immediate vicinity appears to be residential and relatively quiet based on the provided images.

Based on the photos, the property seems to be in generally good condition. The interior is clean and well-maintained, although some minor updating might enhance its appeal. The kitchen and bathrooms appear functional but could benefit from a refresh. The property shows signs of age in certain areas, but nothing that would be considered major structural issues.

The property includes access to a communal garden, which is a positive aspect, although it’s not a private garden. The size of the communal garden appears reasonable from the photos.

Considering the average price per sqft in the area (£514) and the property’s size (240.60 sqft), a rough estimate of the property value would be around £123,600. However, the list price is significantly higher (£399,950). This discrepancy could be due to several factors, including the desirable location, the access to a communal garden, and the fact that it is part of a well-maintained retirement development. The higher price may also reflect the premium associated with properties in this type of development. However, it’s important to note that the average price and price per sqft in the area are significantly higher than the estimated value of this property, suggesting that the list price may be inflated. A more detailed property valuation would be needed to confirm this.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images