The phrase "a modest property" is correct and usable in written English.
It can be used to describe a piece of real estate that is not extravagant or overly large, often implying simplicity or affordability.
Example: "After searching for months, they finally found a modest property that fit their budget and lifestyle."
Alternatives: "a humble abode" or "a simple dwelling".
This step put the slumlords out of business, and started a modest property boom.
It is, for one of America's foremost literary novelists, a modest property, overlooked on three sides by neighbours in a way that, say, Philip Roth's grand pile in Connecticut is not.
Kolia (Alexey Serebriakov) is a car mechanic with a modest property on prime real estate: a beautiful spot on the Barents Sea, but a crooked mayor called Vadim – a wonderful performance from Roman Madyanov, looking something like Boris Yeltsin – wants this land, and hits Kolia with a compulsory purchase order.
The Uncle Boonmee of the title, played by non-professional Thanapat Saisaymar, is a middle-aged man who is terminally ill with acute kidney failure; he has returned to the forests of north-eastern Thailand to settle his affairs concerning a modest property he has there.
In most cases, when the childhood home of a star goes for sale, it is usually a modest property that shows what humble beginnings celebrities come from.
Quite early in his rise to wealth he bought a modest property in Upper Dicker, near Eastbourne in East Sussex.
Owned by the Mohegan Tribe, it is a more modest property, though only by comparison — Mohegan is the second-largest casino in the hemisphere.
The house, which is now in Sarah's name, has been rented out since the couple moved to a more modest property in Hampshire to be nearer their family.
In 1826, Wilberforce moved from his large house in Kensington Gore to Highwood Hill, a more modest property in the countryside of Mill Hill, north of London, where he was soon joined by his son William and family.
Like his neighbors, Shehada Joee" Issa had ringed his modest property with a strong fence and slapped a sign in the window to warn off trespassers.
The owner, Louis Gritsipis, a 73-year-old naturalized citizen from Kandila, Greece, had a chance to sell the modest property, at 647 West 42nd Street, around 2000, when the J. D. Carlisle Development Corporation was planning to build a luxury tower next door.
