Leaders Sales says ..

Property Oracle says ..

The property is a 3-bedroom, 1-bathroom bungalow with a list price of £318,000. The property has a plot size of 665 sqft and is 445 sqft in size. The average price for properties in the area is £369,391, with an average price per sqft of £309. While the provided images show a property that appears to be in reasonable condition, there is some dated decor and the property may benefit from some modernisation. The property has a small garden. Considering the average price per sqft in the area (£309) and the property’s size (445 sqft), a rough estimate of the property’s value based on size alone would be around £137,000. However, the list price is significantly higher at £318,000. This suggests the property’s value is driven by factors beyond its size, such as its location and the plot size. The location appears to be reasonably convenient, with several schools within a reasonable distance, although the Ofsted ratings of some are not ideal. The lack of nearby transportation information makes it difficult to fully assess its accessibility. The presence of a small garden is a positive aspect, adding to the overall appeal and potentially justifying a higher price point. The property’s condition appears to be fair. While not needing immediate renovation, some modernisation would likely enhance its value and appeal to potential buyers. Considering the average house price in the area and the property’s condition, size and plot size, the list price of £318,000 may be considered slightly higher than the average price per sqft would suggest. However, the limited data on comparable properties makes it challenging to definitively assess the price’s reasonableness.

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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