Willowgreen says ..

Property Oracle says ..

The property is a detached bungalow located in Skipsea, East Riding of Yorkshire. The images show a recently converted barn conversion, which appears to be in excellent condition. The property benefits from a substantial garden, with raised planting beds and a patio area. The conversion has retained many original features, such as exposed brickwork and beams, whilst incorporating modern fixtures and fittings. The overall aesthetic is one of a high-quality, modern conversion within a rural setting. The list price of £550,000 is significantly higher than the average price for the area (£293,583). However, the property is substantially larger than the average (1,367 sq ft vs 1,201 sq ft) and the average price per square foot in the area is £244. The list price equates to approximately £402 per square foot, which is higher than the average. This difference in price can be explained by the property’s unique features, such as the conversion, the size of the garden, and its rural location. While the surrounding properties are primarily smaller, more traditional houses, there is a nearby property listed for £425,000. This suggests that there is a market for higher-priced properties in the area, particularly those with unique features. The proximity to Skipsea Primary School (rated ‘Good’ by Ofsted) is also a positive factor. Considering the condition, land, and location, the list price of £550,000 may be considered high compared to the average but justifiable given its unique characteristics and the higher-priced properties in the immediate area.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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