Entwistle Green says ..

Property Oracle says ..

Location: The property is located in the City Centre of Preston, Lancashire. This is generally a convenient location with access to amenities and transport links. The proximity to Preston train station (Avanti West Coast) is a significant positive, offering good connectivity. Several schools are within a reasonable distance, although their Ofsted ratings vary. More information on the immediate vicinity’s safety and social aspects would be beneficial for a complete assessment.

Condition: The property appears to be in reasonable condition. The images show a modern kitchen and bathroom, with light laminate flooring throughout. There is no visible evidence of significant damage or disrepair. However, a full survey would be needed to confirm this.

Land: The property has a small plot size of 458.54 sqft. While it does include some outdoor space, as shown in the images, it is not a large garden.

Price: The list price of £30,000 is significantly lower than the average price for properties in the area (£384,318). However, the average price per sqft (£399) is not directly comparable due to the differences in property type and size. The property is a flat, and the average price per sqft appears to be for larger houses. Considering the size of the flat (433.79 sqft) and its location in the city centre, the price might be considered reasonable for a first-time buyer or investor, but further investigation into the property’s specific condition and potential rental yield is recommended. A comparison with similar properties on Wellington Street, which range from £107,400 to £210,000, indicates a potential undervaluation, although the lack of sqft data for these properties makes this comparison less precise.

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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