holland & odam says ..

Property Oracle says ..

The property is a two-bedroom terraced house located on St. Thomas Street in Wells, Somerset. It is listed at £345,000 and has 862.40 sqft of living space. The property includes a garden and a shed. The property’s location in Wells is positive, with several good schools within a reasonable distance, including Stoberry Park School and The Blue School, both rated ‘Good’ by Ofsted. The proximity to these schools is a significant advantage for families. Based on the provided images, the property appears to be in need of some modernisation and updating. The walls show some signs of wear and tear, and the kitchen and bathroom fixtures look dated. A full renovation may not be necessary, but significant cosmetic improvements would likely enhance the property’s value and appeal. The presence of a garden is a positive aspect, although its size is not specified. Considering the list price of £345,000, the average price in the area is £384,063, and the average price per sqft is £413. The property’s size of 862.40 sqft, when compared to the average sqft of 928 in the area, suggests it may be slightly smaller than average. However, the presence of a garden adds value. The list price appears to be slightly below the average price for the area, but a more precise evaluation of the price’s reasonableness requires a detailed assessment of the property’s condition and the extent of necessary improvements. A comparative market analysis of similar properties in the area would be beneficial to determine a more accurate valuation.

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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