MorfittSmith says ..

Property Oracle says ..

This three-bedroom terraced property in Walkley, Sheffield is listed at £260,000. The property is situated on Cyprus Terrace, off Burgoyne Road. Walkley is a popular residential area with good local amenities and schools, including several highly-rated primary schools within a short distance. The proximity to Sheffield city centre also provides convenient access to transport links and employment opportunities.

The property itself shows features of a period property, with original features such as fireplaces and high ceilings visible in the photographs. However, it is evident that some modernisation is needed. The kitchen, while fitted, appears dated and could benefit from updating. The garden is small, and while present, it requires some landscaping and maintenance.

Considering the average house price in the area is £275,470, and the average price per square foot is £259, the asking price of £260,000 for this 316.28 sqft property seems slightly high, especially given the need for modernisation. However, the location and period features could justify a premium for the right buyer. Nearby comparable properties on Cyprus Terrace sold for £300,000 and £223,000, indicating a range of values. The lower end of this range would suggest the asking price is somewhat inflated, while the higher end suggests it could be competitive. Further analysis of the condition and potential renovation costs is needed to determine a fair market value.

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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