Elisabeth James Homes says ..

Property Oracle says ..

Princes Walk is located in the Harbour & Normanston area of Lowestoft, East Suffolk. The property is a 4-bedroom, 2-bathroom house with a sizable plot of 1,577 sqft. Given the images, the property appears to be well-maintained and in good condition, with a modern kitchen and updated bathroom fixtures visible. The garden is a significant feature, offering a substantial outdoor space with a pond and pergola. This is a considerable advantage, especially in a desirable residential area.

The list price of £425,000 is higher than the average price for the area (£177,500), but this is expected given the size and features of the property. The average price per sqft in the area is £196, while the price per sqft for this property is approximately £355. This higher price per sqft is justified by the larger plot size, good condition, and the desirable location. Nearby comparable properties on Princes Walk support this higher price point, with listings in the £375,000-£400,000 range. The proximity to Oulton Broad North train station (1.51 KM) and several schools (within 1.63 KM) further enhances the property’s desirability and justifies the higher price.

Based on the provided information and images, the property presents a strong case for its list price, considering its size, condition, location, and features. The larger than average plot size and the generally good condition of the property are key factors contributing to its value. The proximity to local amenities such as schools and transportation also adds to its desirability.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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