Whitlocks Estate Agents says ..

Property Oracle says ..

The property is a 2 bedroom, 2 bathroom lodge located in Selsey, West Sussex. The lodge is situated on a plot of 515 sqft and has a total internal area of 450.17 sqft. The list price is £50,000.

Based on the provided images, the property appears to be in excellent condition. It is well-maintained, modern, and clean. The furnishings are contemporary and the property has a modern kitchen and bathrooms. The property benefits from a decked area and a small garden, which adds to its appeal.

The location in Selsey, West Sussex, is desirable. Selsey is a coastal town with good schools nearby including The Academy, Selsey (Good Ofsted rating), Medmerry Primary School (Good Ofsted rating), and Seal Primary Academy (Good Ofsted rating). The proximity to these schools is a positive factor for families.

Considering the condition, location, and the small plot size, the list price of £50,000 seems exceptionally low compared to the average house price in the area of £322,088. However, it is important to note that the comparable properties listed are significantly larger and different property types. The average price per sqft in the area is £256, but this data appears to be for houses rather than lodges, and the sqft of the comparable properties is not provided. Therefore, a direct comparison is difficult. The property’s price may reflect its size and type (lodge rather than house). Further investigation into the market value of similar lodges in the area would be necessary to fully assess the price reasonableness.

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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