Jeffrey Ross says ..

Property Oracle says ..

The property is a 2 bedroom, 1 bathroom terraced house located on Spencer Street in Cathays, Cardiff. It has a list price of £240,000 and is 734 sqft with an 894 sqft plot size. The average property price in the area is £229,258, with an average size of 1,570 sqft and an average price per sqft of £146. This property is significantly smaller than average. Nearby properties on Spencer Street have sold for around £230,000, suggesting the list price is in line with the market. However, without knowing the sqft of these properties, a direct comparison is difficult. Other nearby terraced houses have sold for prices ranging from £55,000 to £325,000, indicating a considerable price range in the area. This variation in price may reflect differences in size, condition, and features. The property benefits from a relatively central location with several primary schools within a kilometer radius. Train stations are also within reasonable proximity. The images show a small, manageable rear garden. Based on the images, the property appears to be in good condition, though it may benefit from some modernisation to enhance its overall appeal. The kitchen and bathroom appear relatively modern, while other areas such as the living room and bedrooms retain some traditional features. The property does not appear to require major renovation. The list price of £240,000 seems reasonable considering the location and the apparent condition of the property. However, the smaller size compared to the average in the area should be taken into account. A more accurate assessment of value would require a full survey and detailed comparison with similar properties.

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

Images