Your Move says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located in Bedford, Bedfordshire. The listing price is £130,000, and the apartment has 354 sqft of living space and a 435 sqft plot. The apartment is situated on Kimbolton Road, within a short distance of Bedford town centre, train station, parks, and the river embankment. Several schools are also nearby, including Bedford School and Castle Newnham School, offering various educational options. The proximity to amenities and transportation links is a positive aspect of the location. Based on the provided images, the property appears to be in need of significant renovation and repair. There is evidence of damp, peeling wallpaper, and general wear and tear throughout the apartment. The kitchen and bathroom also appear outdated and require modernisation. This suggests the property is in poor condition. The property includes access to communal gardens, which is a positive feature. However, the size of the plot is relatively small compared to other properties in the area. Considering the condition of the property, the relatively small size, and the need for extensive renovations, the asking price of £130,000 seems relatively low compared to the average price per square foot in the area (£397). However, this is significantly lower than the average house price in the area (£353,859). The average price per sqft is also significantly higher than the property’s price per sqft. Nearby comparable properties, while limited in data, suggest that the price may be reasonable for a property in need of complete renovation. Further investigation into comparable properties in similar conditions would be necessary to fully assess the price’s reasonableness.

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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