Cubitt & West says ..

Property Oracle says ..

This one-bedroom, one-bathroom apartment situated on Reigate Road in Reigate, Surrey, presents a mixed bag of features. Its location is arguably its greatest strength. Reigate is a highly sought-after area in Surrey, offering a blend of suburban charm and convenient access to amenities and transportation. The close proximity to excellent schools adds considerable appeal to families. The train station provides easy access to London and other parts of the south east. However, the property itself shows signs of needing updating. While structurally sound, the provided images reveal a dated interior. The kitchen and bathroom appear somewhat tired and would benefit from modernisation to enhance the property’s overall appeal and potential rental value. While there is some associated outdoor space, the amount is not substantial, and it should be noted that the listing mentions the property is leasehold which will be a significant consideration for potential buyers and limits the possible value that can be attained. The list price of £160,000 reflects the need for modernization and the relatively small size of the property, creating a potential opportunity for buyers to improve and increase the property’s value. Ultimately, this is a property that could be a suitable investment for buyers willing to undertake some renovations. The potential of the location is high, and the relatively low purchase price suggests an opportunity to add value through improvements.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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