William H. Brown says ..

Property Oracle says ..

The property is a ground floor flat located on Wellington Street in Peterborough, Cambridgeshire. The list price is £125,000, and the property has one bedroom and one bathroom, with a total area of 440 sqft. The plot size is 0 sqft, indicating no private garden.

The average property price in the area is significantly higher at £255,593, with an average size of 860 sqft and an average price per sqft of £297. This suggests that the subject property is priced considerably lower than the average for the area.

Several nearby properties on Wellington Street are listed for sale at prices ranging from £60,000 to £170,000. These properties are of varying types, including terraced houses and flats. The lack of plot size information for these comparable properties makes a direct comparison challenging.

The property’s location benefits from proximity to several schools, including Bishop Creighton Academy and Nene Gate, both rated ‘Good’ by Ofsted. Peterborough railway station is also within a reasonable distance, providing convenient access to other areas.

Based on the image provided, the property appears to be in reasonable condition, though a more detailed inspection would be necessary to assess its condition accurately. The exterior shows a typical brick building, which seems well-maintained. However, the absence of internal photos limits the assessment of the property’s internal condition.

Given the lower price point compared to the average property price in the area, the price of £125,000 may represent good value, particularly considering its location near schools and transport links. However, the lack of a garden and the smaller size compared to average properties should be taken into account. Further investigation into the property’s internal condition and any potential maintenance needs is recommended.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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