James Du Pavey says ..

Property Oracle says ..

The property is a two-bedroom terraced house located on Werrington Road in Stoke-on-Trent. The asking price is £105,000. The property appears to be in generally good condition, although some minor cosmetic work may be needed. The interior shows a recently updated kitchen and bathroom, and the rooms are presented in a clean and habitable state. However, some areas like the walls show some imperfections, indicating the need for some repainting or plastering, which would improve the overall aesthetic appeal. The garden is a significant plus point. It is relatively small but well-maintained, with raised garden beds and a patio area, providing a private outdoor space. The location is another factor to consider. The property is close to several schools, including Kingsland Cofe Academy and Aurora Hanley School, both within a short distance. Transport links are also reasonably accessible, with several train stations within a few kilometers. However, the average house price in the area (£292,744) is significantly higher than the asking price of this property, suggesting a potentially lower value compared to the average. The average price per square foot in the area is £254, while this property’s implied price per square foot (given its size of 710.74 sqft and list price of £105,000) is approximately £147. This significant difference could be attributed to several factors, including the property’s size, condition, and specific location within the neighborhood. Nearby properties on Werrington Road sold for significantly less than the asking price, suggesting the asking price might be slightly optimistic. The lack of plot size information also impacts the overall value assessment.

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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