Hills Property Consultants says ..

Property Oracle says ..

The property is located on High Street, Newnham, in the Forest of Dean district of Gloucestershire. Newnham is a village with a historic High Street, and the property benefits from this prime location. The proximity to Newnham St Peter’s Church of England Primary School (0.59km) is a positive for families. While other schools are further away, their “Good” Ofsted ratings suggest reasonable educational options within a short driving distance. The lack of nearby transportation information prevents a full assessment of transport links.

The property appears to be in need of significant renovation. The interior photos show outdated fixtures, peeling paint, and general disrepair in several rooms. The exterior, while historically significant, also shows signs of needing work. A full refurbishment would be required to bring the property up to modern standards.

The property includes a substantial plot size of 4,926 sq ft, providing ample outdoor space. The garden area, however, appears overgrown and in need of landscaping. The size of the plot is a significant asset.

Considering the property’s condition, the list price of £500,000 seems relatively high compared to the average price of £560,989 for the area. While the property is larger than the average (2,480.80 sq ft vs 2,048 sq ft), the required renovations will significantly impact the overall value. The average price per square foot in the area is £273, suggesting the list price might be justified if the property were in good condition. However, given its current state, a lower price point would likely be more reasonable to attract buyers. The nearby comparable properties lack sufficient data to make a more precise price comparison.

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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