G.R. Estates says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located in Ormesby, North Yorkshire, with a list price of £115,000. The property has a total area of 782 sqft, which is significantly smaller than the average for the area (1157 sqft).

The property appears to be in reasonable condition. The interior is presented well in the photos, although some updating may be desirable to enhance its appeal. The exterior also appears well maintained. The presence of a small garden is a positive feature, although its size is not large.

The location is in Ormesby, a residential area. The proximity to schools, including Saint Gabriel’s Catholic Primary School (rated ‘Good’ by Ofsted) and Outwood Academy Ormesby (also rated ‘Good’), is a plus for families. Several train stations are within a reasonable distance, providing convenient access to public transportation.

Considering the smaller size of the property compared to the average in the area, its condition, the presence of a garden, and its location near schools and transportation, the asking price of £115,000 appears to be in line with or slightly below the average price per sqft in the area, making it potentially good value for money. However, a more detailed analysis of comparable properties in the immediate vicinity would be beneficial to confirm this assessment. The nearby property prices vary significantly, ranging from £30,000 to £250,000, indicating a wide range in property values in the area. This suggests that the £115,000 price point may be reasonable, depending on the specific characteristics of the comparable properties and their condition.

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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