Cooper & Tanner says ..

Property Oracle says ..

The property is a three-bedroom terraced house listed at £240,000. It’s situated in Coleford, near Radstock in Somerset. The area has a mix of property types, with average prices significantly higher than the listed price of this property. The average price for the area is £428,638, and the average price per square foot is £372. This property is 917.09 sqft. The property benefits from its proximity to several schools, including Bishop Henderson Church of England Primary School and Kilmersdon Church of England Primary School, both rated ‘Good’ by Ofsted. This is a positive aspect for families. The images reveal that the property is in need of modernisation. The interior shows dated decor, exposed floorboards, and some areas appear to require repair or updating. The garden is present but requires attention. The overall condition suggests a need for renovation or significant refurbishment. While the list price is considerably lower than the average house price in the area, the required renovations must be factored in. Considering the need for modernisation, the relatively small plot size, and the lower-than-average price per square foot in the area (£372 compared to the property’s implied price per sqft of approximately £261), the list price may represent reasonable value for money for a buyer willing to undertake renovations. However, the extent of necessary work and associated costs should be carefully assessed before making an offer. The lack of nearby transportation information prevents a full assessment of the location’s convenience.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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