Keith Taylor says ..

Property Oracle says ..

The property is a farmhouse located in Rawcliffe, East Riding of Yorkshire. The asking price is £695,000. The property includes a main house and several outbuildings on a plot of approximately 1,182 sqft. The house itself is 826.05 sqft. The location is rural, with the nearest train station (Rawcliffe) being 1.61 km away. Several primary schools are within a reasonable distance, although their Ofsted ratings vary. The proximity to these amenities could be considered positive or negative depending on individual priorities. The rural setting offers tranquility but may lack the convenience of urban amenities. Based on the provided images, the property is in need of significant renovation. The interior shows dated fixtures, worn finishes, and requires considerable updating. The exterior also indicates a need for repairs and maintenance. The plot size is relatively small, especially considering the property type. While there is some land surrounding the house and outbuildings, it is not extensive. Considering the average house price in the area (£206,954) and the average price per sqft (£245), the asking price of £695,000 seems significantly high. This is especially true given the property’s condition and relatively small plot size. While the rural location and potential for development of the outbuildings might justify a higher price than average, the significant renovation needed makes the asking price appear inflated. A thorough survey and cost estimate for renovation would be necessary to determine a more accurate valuation.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images