Entwistle Green says ..

Property Oracle says ..

The property is a 2 bedroom terraced house located on St Georges Road, Preston, Lancashire. The list price is £100,000. The property appears to be in reasonable condition, although some modernisation may be desirable. The kitchen and bathroom are functional but dated. The property benefits from a small rear yard. The location is within walking distance of local schools, including Moor Park High School and Sixth Form (rated ‘Good’ by Ofsted) and St Ignatius’ Catholic Primary School. There are also several primary schools nearby. Transport links are reasonable, with Preston train station approximately 1.73km away. However, the area’s average house price (£314,996) is significantly higher than the list price of this property. Several nearby properties have sold for prices ranging from £22,855 to £140,000. The average price per sqft in the area is £350, while this property is listed at a significantly lower price per sqft. Given the property’s condition, the small plot size, and its location in an area with a much higher average house price, the list price of £100,000 appears to be quite low. However, the lower prices of nearby properties suggest that this price might reflect the current market value in this specific area. Further investigation into the reasons for the lower prices of nearby properties would be beneficial to ascertain if this is a fair market price.

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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