Bloxham & Barlow says ..

Property Oracle says ..

The property is a detached bungalow located in Hutton & Locking, North Somerset. The asking price is £395,000. The property is in need of modernisation. The interior shows dated decor, carpets and fixtures throughout. The kitchen and bathroom, while functional, are also in need of updating. The garden is present, though it appears to require some attention and maintenance. Considering the average house price in the area is significantly higher at £740,833, the list price of £395,000 for this property may seem attractive at first glance. However, the property’s condition and the need for significant renovation works must be factored in. The average price per square foot in the area is £511, while the property’s size is 900 sqft. A simple calculation suggests a potential value of approximately £459,900 (900 sqft * £511/sqft). However, the need for refurbishment will likely reduce the overall value. The presence of a garden is a positive factor, but the overall condition of the property and the required renovations need to be considered when assessing its value. The proximity to transportation links and schools is a positive aspect of the location.

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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