Hollis Morgan says ..

Property Oracle says ..

The property is a 2-bedroom terraced house located in South Liberty Lane, Bedminster, Bristol. The list price is £220,000. The property has a small garden. The location is reasonably good, with Parson Street train station within walking distance, providing convenient access to Bristol city centre. Several primary schools are also nearby, although their Ofsted ratings are not all available. The area’s average house price is significantly higher than the list price of this property, suggesting it might be undervalued. However, this needs to be considered in conjunction with the property’s condition. Based on the images, the property appears to be in fair condition, though some modernisation or cosmetic improvements would likely enhance its appeal. The kitchen and bathroom seem functional, but could benefit from updates. The carpets appear worn and the overall aesthetic is dated. The property shows signs of wear and tear, but does not appear to require extensive structural repairs. The property has a small garden, which is a positive aspect, although its size is not specified. Considering the list price of £220,000, the average price per square foot in the area is £443. This property’s size is 543.36 sqft, which would suggest a price of approximately £240,767 based on the average price per sqft. However, the average house price in the area is £373,364, significantly higher than the list price. The lower price may be justified by the property’s condition and smaller size compared to the area average. However, the price is still relatively low compared to similar properties in the area, which may indicate a good value for money, if the buyer is willing to undertake some improvements. The nearby properties show a wide range of prices, some significantly higher and some lower than the listing price. This suggests the market in the area is somewhat varied, and the price may be reasonable in the context of the property’s condition.

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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