Dafydd Hardy says ..

Property Oracle says ..

The property is a 3-bedroom house located on Bridge Street in Llannerch-y-Medd, Anglesey. The list price is £230,000. The property benefits from being centrally located within the village of Llanerchymedd. The village has amenities including a local pub, convenience store, garage, and primary school. This makes the location convenient for families and those seeking a village lifestyle. The proximity to Ysgol Gymuned Llannerch-Y-Medd primary school (0.30 KM) is a significant positive for families with young children. Based on the provided photos, the property appears to be in need of significant modernisation and renovation. The interior shows dated decor, worn carpets, and some evidence of damp or water damage in several rooms. The exterior, while seemingly structurally sound, would benefit from some cosmetic improvements. The property includes a small garden area, although its size is not specified. The garden appears to be relatively unkempt and would require some attention. Considering the condition of the property, the need for significant renovation, and the relatively small garden, the list price of £230,000 seems slightly high compared to the average price of £264,442 for the area. However, the average price per square foot in the area is £269, while this property’s implied price per square foot (given its size of 1535 sqft) is approximately £150. This suggests that the property might represent good value for money, provided the buyer is willing to undertake the necessary renovations. The lower price per sqft compared to the average could be attributed to the property’s condition. Nearby comparable properties also support this observation, with prices ranging from £60,000 to £197,500. The need for extensive renovation work is a key factor influencing the overall value.

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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