Yopa says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located on Round Road in Birmingham, with a list price of £200,000. The property has a total area of 676 sqft and is situated in the Pype Hayes area of Birmingham. The average house price in the area is £273,927, significantly higher than the list price of this property. However, the average property size is 881 sqft, considerably larger than the 676 sqft of the subject property. The average price per sqft in the area is £310, suggesting the list price may be slightly undervalued, considering its size. Nearby properties on Round Road have sold for between £80,000 and £170,000, indicating a range of prices in the immediate vicinity. Other nearby terraced houses have sold for prices between £175,000 and £190,000, providing further context for the valuation. The property appears to be in good condition based on the provided images. The kitchen and bathroom have been recently modernised, and the rest of the property shows no significant signs of disrepair. There is a small garden to the rear of the property. Several schools are within a reasonable distance, including Birches Green Infant School (0.28km) and Birches Green Junior School (0.31km), both rated ‘Good’ by Ofsted. The presence of these schools enhances the desirability of the location for families. Several train stations are also within a reasonable commuting distance. Considering the property’s condition, the relatively small size, and the location close to amenities and schools, the list price of £200,000 appears to be competitive within the local market, despite being lower than the average price for the area. The smaller size of the property compared to the average in the area likely accounts for the lower list 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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