haart says ..

Property Oracle says ..

The property is located in High Barns, Ely, a residential area in East Cambridgeshire. The area benefits from relatively close proximity to Ely city centre (2.06 KM to Ely train station), providing access to amenities and transport links. Several schools are within walking distance, including Spring Meadow Infant School, Ely Child And Family Centre, and Ely St Mary’s Cofe Junior School. However, the area’s average house price significantly exceeds the subject property’s list price, suggesting a potentially lower-than-average location score.

Based on the provided images, the property appears to be in need of significant renovation. The interior finishes are dated and worn, indicating a substantial amount of work is required to bring it up to modern standards. The kitchen and bathroom are particularly outdated. This suggests a low condition score.

The property includes a garden, although it appears somewhat overgrown and in need of landscaping. While the presence of a garden is positive, its current state may detract from its overall value. This warrants a moderate land score.

Considering the list price of £200,000, the property’s condition, and the significantly higher average house prices in the area (£1,202,316), the property seems reasonably priced, especially in comparison to other similar properties in High Barns. However, the average price per square foot in the area (£678) is substantially higher than what the property offers, which may suggest that the property is priced competitively, but not necessarily a great value for money. This requires a careful consideration of the price score.

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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