Mr and Mrs Clarke says ..

Property Oracle says ..

Fern Rise, Newport, is located in the Malpas area of Newport, Gwent. The property is a semi-detached house with three bedrooms and one bathroom. It has a list price of £240,000 and a floor area of 952.61 sqft. The average house price in the area is significantly higher at £400,449, with an average price per sqft of £354. Nearby properties on Fern Rise have sold for between £70,000 and £168,500, indicating a wide range in pricing. Other nearby properties in similar localities show prices ranging from £145,000 to £330,000. The property benefits from being close to several primary and secondary schools, with Malpas Park Primary School being the closest at 0.39km. Several train stations are within a reasonable distance, providing convenient access to public transport. The property includes a garden.

The property appears to be in generally fair condition, although some aspects suggest it might benefit from modernisation. The kitchen and bathrooms show their age and could be updated to enhance the overall appeal. The interior finishes, such as carpets and wall coverings, also appear dated. The exterior of the property seems well-maintained, with a garage and a garden. The garden is of a reasonable size for a semi-detached property in this area.

Considering the condition, location, and land size, the list price of £240,000 appears to be relatively reasonable compared to the average price in the area, however, it is important to note the wide variance in pricing for similar properties in the immediate vicinity. The lower end of the pricing range for comparable properties suggests that the list price may be on the higher side, while the higher end suggests it could be a fair price. A thorough survey would be advisable to ascertain the true condition of the property and to identify any potential issues that may affect its value.

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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