Pocock & Shaw says ..

Property Oracle says ..

The property is located in Ely, Cambridgeshire, a city with a rich history and a desirable location in the East of England. The proximity to the train station (Ely station, 0.26km) is a significant advantage for commuters, and the presence of several schools within a reasonable distance (King’s Ely, 0.67km; Highfield Ely Academy, 1.42km) makes it attractive to families. The area appears to have a mix of housing types and price points. While the average house price in the area is considerably higher (1,202,316) than the listed price of this property (350,000), this may be due to variations in property size and condition. The average price per square foot in the area (678.00) is also much higher than what this property offers, suggesting potential value.

Based on the provided images, the property appears to have undergone a recent renovation or refurbishment. The interior is modern and well-presented, suggesting it is in excellent condition. The kitchen and bathroom are particularly noteworthy, showcasing contemporary fixtures and fittings. There is evidence of a small, manageable rear garden, which is a positive feature for many buyers.

Considering the property’s location, condition, and the apparent small garden, the list price of £350,000 may represent good value, particularly when compared to the significantly higher average prices in the surrounding area. However, the lack of information on the plot size of nearby properties makes a definitive comparison difficult. The relatively low square footage (842 sqft) of the property compared to the area average (1771 sqft) needs to be taken into account when assessing the price. Further information on comparable properties in the immediate vicinity would allow for a more precise evaluation of the price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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