Critchlow Estate Agents says ..

Property Oracle says ..

The property is a semi-detached bungalow located on Fearns Avenue in Bradwell, Newcastle-Under-Lyme. It has two bedrooms, one bathroom, and a total area of 810.52 square feet, situated on a plot of 801.91 square feet. The list price is £160,000.

The property is in need of modernisation and updating. The kitchen and bathroom are particularly dated and require significant work. The flooring appears worn in several rooms and the overall condition suggests a need for renovation. There is evidence of clutter throughout the property, which may not be representative of the property’s potential. The property has a rear garden and a detached garage.

The average house price in the area is £274,629, significantly higher than the list price of this property. However, the average size of properties in the area is 936 square feet, larger than the subject property. The average price per square foot is £293, which, when applied to the 810.52 square feet of this property, results in an estimated value of approximately £237,000. Considering the property’s condition and the need for significant renovation, the list price of £160,000 appears to be more reasonable than the average price per sqft would suggest. However, it is still important to note that the property requires substantial renovation work which will add to the overall cost of ownership.

The location benefits from relatively close proximity to several schools, including Bursley Academy (Outstanding Ofsted rating) and Sun Academy Bradwell (Good Ofsted rating). Several train stations are within a reasonable distance, providing access to wider transport links.

Based on the provided information, the property presents a potentially good value proposition for a buyer willing to undertake a substantial renovation project. The lower list price compared to average prices in the area reflects the property’s condition, but the potential for increased value after renovation should be considered.

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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