Keenans Estate Agents says ..

Property Oracle says ..

The property is a terraced bungalow located in Cherry Crescent, Longholme, Rossendale.

It has one bedroom and one bathroom, with a total area of 525 sqft. The plot size is 0 sqft. The list price is £140,000.

The average house price in the area is £283,990, significantly higher than the list price of this property. The average price per sqft is £162, while this property’s implied price per sqft (£140,000 / 525 sqft = £266.67) is higher than the average. However, this is likely due to the smaller size of the property.

Nearby properties on Cherry Crescent have sold for prices ranging from £58,000 to £204,995, indicating a wide range of values on the street. The lack of sqft data for these comparable properties makes a precise comparison difficult.

The property appears to be in reasonable condition, though the kitchen and bathroom could benefit from some modernisation. The images show a relatively well-maintained exterior and garden with a modern garden shed. The interior appears clean and tidy, but the decor is dated.

The property benefits from a garden area, which is a positive feature, although the plot size is listed as 0 sqft, which may not accurately reflect the usable garden space. The proximity to several schools with good Ofsted ratings is a positive aspect of the location.

Considering the smaller size of the property compared to the area average, its dated interior, and the lower average prices of nearby properties, the list price of £140,000 may be at the higher end of the market value, but not unreasonable given the current market conditions in the area.

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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