ALBERT & FREDERICK LIMITED says ..

Property Oracle says ..

Laburnum Cottage is a 3 bedroom, 3 bathroom property situated in the village of Penyard, Herefordshire. The property is on the market for £400,000. The average price for properties in the area is £448,744, with an average price per square foot of £431. Laburnum Cottage has 1,096.11 square feet of living space. The property benefits from a good-sized garden, which includes a patio area, a decked area, and a separate garden shed. The garden appears well-maintained, although some areas show signs of needing attention during the winter months. The property itself appears to be in generally good condition from the photos provided. While some cosmetic updates might enhance its presentation, there are no obvious signs of significant repair or renovation needs. The location is rural, offering peace and quiet. However, the nearest schools, Lea Cofe Primary School and Weston-Under-Penyard Cofe Primary School, are both rated “Good” by Ofsted and are within a reasonable driving distance. The lack of nearby public transportation may be a consideration for potential buyers. Considering the property’s condition, the presence of a garden, and its location, the list price of £400,000 appears to be reasonably competitive compared to the average house price in the area. While slightly below the average, the property’s features and condition justify its pricing. The nearby comparable properties, however, suggest that properties in the area can command higher prices, especially those with larger plot sizes. This suggests that the list price is a fair reflection of the market value, given the size and features of Laburnum Cottage.

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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