James Douglas says ..

Property Oracle says ..

The property is a terraced house located on Station Terrace in Maerdy, Ferndale, with a postcode of CF10 2GP. It’s a one-bedroom, one-bathroom property with a total area of 893.40 sqft. The list price is £100,000.

The property benefits from a relatively convenient location, being only 0.10 KM from Cardiff Queen Street train station. This is a positive factor for potential buyers, offering easy access to public transportation. The proximity to several schools within a 1 KM radius (Kings Monkton School, Cardiff Academy, Tredegarville C.I.W. Primary School, and St Mary The Virgin C.I.W. Primary School) could also be appealing to families. However, the area’s average house price (£229,258) and average price per sqft (£146.00) are significantly higher than the property’s list price and sqft. This suggests that the property might be underpriced, but further investigation into the condition and land size is needed.

Based on the provided images, the property appears to be in need of some renovation. While some areas, such as the kitchen and bathroom, show signs of recent modernisation, other areas, particularly the flooring and some walls, appear unfinished or in need of repair. There is also evidence of ongoing work. The garden is present but requires significant attention and landscaping. The small plot size is a notable limitation.

Given the condition of the property, the small plot size, and the significant difference between the list price and the average price per sqft in the area, the list price of £100,000 seems surprisingly low. However, this could reflect the need for extensive renovation work. A thorough survey is recommended to assess the full extent of any necessary repairs and to determine a fair market value.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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