de Mel Property says ..

Property Oracle says ..

This property is a 2 bedroom, 1 bathroom terraced house located in Swindon Village, Cheltenham, Gloucestershire. It has a list price of £220,000 and is 467.48 sqft with a 527.43 sqft plot size. The property benefits from being close to All Saints’ Academy, a school rated ‘Good’ by Ofsted, located just 0.48km away. Cheltenham Spa train station is also relatively close, at a distance of 2.30km. This suggests a reasonably convenient location for families and commuters. However, the average house price in the area is significantly higher (£510,640) than the list price of this property, and the average price per sqft is also substantially higher (£574.00) than what one would expect given the size of this property. The surrounding area includes properties with varying prices, suggesting some price inconsistencies within the immediate vicinity. This requires further investigation to understand the factors contributing to this variation. Based on the images provided, the property appears to be in generally fair condition, though some modernisation may be desirable to enhance its appeal. The kitchen and bathroom appear functional but could benefit from some updating. The garden is relatively small but provides some outdoor space. The property’s condition is not in need of major renovation, but some cosmetic improvements would likely increase its value. Given the smaller size of the property (467.48 sqft) compared to the area average (889 sqft), and considering its condition and location, the list price of £220,000 appears to be at the lower end of the market value for the area, which is in line with the lower priced properties in the nearby area. However, the significantly lower price per sqft compared to the area average needs to be considered in the context of the property’s condition and size. Further analysis of comparable properties in similar condition and size would be beneficial to confirm this assessment.

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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