Melvyn Danes says ..

Property Oracle says ..

The property is a 2 bedroom flat located in Birmingham, West Midlands. The flat is situated on Coventry Road in South Yardley, with nearby transportation links and schools. Brays School, with an ‘Outstanding’ Ofsted rating, is within a short distance. Lyndon Green Junior and Infant schools are also nearby, although their Ofsted ratings are ‘Requires Improvement’ and ‘Good’ respectively. Based on the images provided, the property appears to be in reasonable condition. The interior is clean and well-maintained, although the decor is somewhat dated. There is no obvious need for major renovations. The kitchen and bathroom appear functional, though they could benefit from some modernisation. The property does not have a significant plot size. The images show a small patch of grass immediately outside the building. This is not a substantial garden, but there is some communal green space. The list price is £140,000. Considering the average price per square foot in the area is £246, and this property is 742.71 sqft, a rough estimate of the expected price would be around £182,500. However, the average property price in the area is £269,779. This suggests that the list price is significantly below average for the area. The lower price may be due to the smaller size of the flat and the lack of a private garden. However, given the property’s condition and location, the price could be considered reasonable, especially for first-time buyers or investors. The nearby comparable properties also show a range of prices. Further investigation into the specific details of these properties would be necessary to make a more informed comparison.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images