Venture Properties says ..

Property Oracle says ..

The property is a 4-bedroom, 2-bathroom bungalow located in Pelton, County Durham. It is listed at £280,000 and has 1,600 sqft of living space. The plot size is not specified. The location is reasonably good, with nearby primary schools rated ‘Good’ by Ofsted and train stations within a reasonable commuting distance. The immediate vicinity appears to be residential. More information on local amenities and the overall desirability of the area would be needed to give a more complete assessment. Based on the photos, the property seems to be in good condition. There is evidence of some recent modernization in the kitchen and at least one bathroom, however, other areas appear to retain a more traditional style. The property benefits from a conservatory. The property includes a garden with artificial turf and a decked area, suggesting a reasonable amount of outdoor space. Considering the list price of £280,000, the average price in the area is £156,737, and the average price per sqft is £159. This property is significantly above the average price, however, it is larger than average at 1600 sqft compared to the average of 982 sqft. The higher price may be justified by the size, condition, and additional features such as the conservatory and garden. However, without knowing the precise plot size, it’s difficult to give a definitive assessment of the land value and whether the asking price represents good value. Further analysis of comparable properties in the immediate area is needed to fully evaluate the price.

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

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