Ben Rose says ..

Property Oracle says ..

Property analysis for Ridge Way, Penwortham, Preston PR1 9XW

Location: The property is located in Penwortham, Preston, which benefits from good local amenities and transport links. Several highly-rated primary schools are within a short distance, making it attractive to families. The proximity to Preston train station provides convenient access to other parts of the country.

Condition: Based on the provided images, the property appears to be well-maintained and in good condition. The interior is modern and updated, with no visible signs of significant wear or damage. The kitchen and bathrooms look recently renovated.

Land: The property includes a garden, which is a desirable feature for many buyers. The size of the garden is not specified, however, the images show a reasonably-sized space for outdoor activities.

Price: The list price of £374,950 seems relatively high compared to the average price of £772,179 for the area, especially considering the average property size is larger (1251 sqft vs 1157 sqft). However, the average price per sqft of £617.00 is significantly higher than what is being asked for this property. The property’s condition and location could justify a price above the average for similar properties in the area, but a more detailed comparison with similar recently sold properties would be needed to confirm if the list price is reasonable. The lack of plot size information makes a definitive price assessment challenging. Nearby properties on Ridge Way sold for significantly less, ranging from £220,000 to £300,000. This suggests that the list price may be slightly inflated.

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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