Guildhall Residential Sales says ..

Property Oracle says ..

The property is a 1-bedroom flat located in Lea, Preston, Lancashire. It is listed for £60,000 and has a size of 448 sqft. The average price for properties in the area is significantly higher at £234,612, with an average price per sqft of £252. This suggests the list price may be low compared to the local market average. However, this needs to be considered in the context of the property’s condition and other factors. The property appears to be in need of some modernisation. The kitchen and bathroom, in particular, show signs of age and may require updating. The décor throughout is dated, which could be a factor influencing the lower list price. The lack of a plot size suggests no garden is included. The location benefits from proximity to several schools, including Lea Community Primary School (rated ‘Good’ by Ofsted) and Royal Cross Primary School (‘Outstanding’). Transportation links are also relatively close, with Preston train station approximately 5.81km away. This positive aspect of the property’s location should be weighed against the lower-than-average price per sqft. Considering the property’s condition, the lack of outdoor space, and the significant difference between its price per sqft and the area average, a comprehensive assessment is needed to determine the overall value. The price may reflect the need for modernisation, but it’s considerably lower than comparable properties in the area.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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