Entwistle Green says ..

Property Oracle says ..

The property is a one-bedroom apartment located in Fulwood, Preston, Lancashire. The apartment is part of a purpose-built over 50’s residence. Based on the provided images, the apartment appears to be in good condition. The rooms are clean and well-maintained, with updated fixtures in the bathroom. The kitchen, while not modern, is functional and in good order. There is no evidence of significant repairs or renovations needed. The property benefits from a well-maintained communal garden area. While the exact size of the private outdoor space is not specified, the photos show a pleasant, manageable lawn. Considering the list price of £80,000, the average price of similar properties in the area (£226,476), and the average price per square foot (£224), this property appears to be significantly underpriced. However, it’s crucial to note that the provided square footage for this property and comparable listings is missing, preventing a precise price-per-square-foot comparison. The lower price may be attributable to the property being part of a retirement complex, potentially limiting the target buyer pool. The location, proximity to amenities, and good condition of the apartment, however, suggest that the price may represent good value. Further investigation into the specific details of the property’s lease and any associated fees would be beneficial in determining the overall value. The property is conveniently located near to local amenities, bus routes, and the Royal Preston Hospital. Several schools are also within close proximity, including St Clare’s Catholic Primary School (Good Ofsted rating) and Fulwood St Peter’s Church of England Primary School and Nursery (Outstanding Ofsted rating). This contributes to a positive location score.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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