Innes Johnston LLP says ..

Property Oracle says ..

The property is a 3 bedroom bungalow situated in Lochgelly, Fife. The asking price is £245,000. The bungalow appears to be in good condition, with a modern kitchen and bathroom. The property benefits from a conservatory and a garden. There is also a garage. The location is relatively close to several train stations, including Cardenden, Lochgelly, Kirkcaldy and Burntisland. However, there is no information provided about nearby schools. The average house price in the area is significantly higher than the asking price of this property, at £458,408. The average price per square foot is £303, while this property is listed at a much lower price per square foot. However, it is important to note that the average property size in the area is 1510 sqft, considerably larger than this property at 740 sqft. The lower price may be reflective of the smaller plot size and the fact that it is a bungalow. Nearby comparable properties are significantly cheaper, ranging from £62,000 to £145,000. The lower prices of these properties may be due to their smaller size and/or different property types. Considering the condition, location, and available land, the list price appears reasonable, particularly in comparison to similar properties in the area. However, the lack of information regarding nearby schools and the smaller size of the property relative to the average in the area should be taken into account.

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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