Griffin Residential Group says ..

Property Oracle says ..

The property is a one-bedroom, one-bathroom flat with a total area of 379.97 sqft, listed at £125,000. The property appears to be in good condition, with modern fixtures and fittings visible in the provided photographs. The kitchen and bathroom look recently updated or well-maintained. The location in Pitsea, Basildon benefits from its proximity to Pitsea train station (1.05km), offering convenient access to London and other areas. Several primary schools with good Ofsted ratings are within a reasonable distance, making it potentially attractive to families. While the property itself is relatively small, the provided images show a small shared outdoor space. This is not a large garden, but it does offer some private outdoor area. Considering the average price per sqft in the area is £332, and this property is listed at a price significantly below the average price for the area (£358,471), the list price of £125,000 may appear to be very good value, especially given its apparent condition. However, it’s important to note that the average price and price per sqft may not be directly comparable due to differences in property type and size. The smaller size of this property compared to the area average significantly impacts the price per sqft calculation. Nearby comparable properties are also significantly more expensive, suggesting this property may be undervalued. Further investigation into the specific reasons for the lower price is warranted.

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

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