Tim Russ & Company says ..

Property Oracle says ..

The property located on Roman Road, Wheatley, is a 3-bedroom semi-detached house with a list price of £375,000. The property is situated in a desirable area with good local schools such as Wheatley Park School and Wheatley Church of England Primary School, both rated ‘Good’ by Ofsted, within a reasonable distance. This positive aspect contributes to a favorable location score.

The images reveal that the property is in need of significant renovation. The interior shows worn flooring, dated fixtures, and requires complete modernisation. This significantly impacts the condition score. The presence of peeling wallpaper and exposed pipework further underlines the need for extensive refurbishment.

The property benefits from a garden, albeit one that appears to require some attention. The size of the plot, at 1,074.24 sqft, is modest but provides some outdoor space.

Considering the average house price in the area is £458,408 and the average price per sqft is £424, the list price of £375,000 for this 785.23 sqft property appears relatively reasonable, especially given its condition. However, the need for substantial renovation work should be factored into any potential buyer’s assessment. The lower price reflects the extensive work required. The property’s need for renovation is a significant factor influencing the overall assessment. While the location and presence of a garden are positive attributes, the considerable renovation needed balances this out.

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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