KJT Residential says ..

Property Oracle says ..

The property is a detached bungalow located on Lakeside Avenue in Lydney, Gloucestershire. It’s a two-bedroom, one-bathroom property with a garden. The list price is £175,000.

The property is in need of some modernisation and updating, as evidenced by the images provided. The kitchen and bathroom appear dated and could benefit from refurbishment. The carpets also appear worn. The garden is present but requires some attention.

While the property’s condition needs improvement, its location is positive. It is within reasonable proximity to several schools, including Severnbanks Primary School (rated ‘Good’ by Ofsted) and The Dean Academy (also rated ‘Good’). Lydney train station is also relatively close, offering convenient transport links.

Considering the average house price in the area is £250,983 and the average price per square foot is £255, the list price of £175,000 for this property appears to be on the lower end of the market, especially considering comparable properties on Lakeside Avenue. However, the need for significant renovations must be factored into the overall valuation. The lack of square footage data for the subject property and its nearby comparables makes a precise price comparison difficult.

Based on the provided information, the property presents a mixed bag. The need for renovation works is a significant factor to consider. However, the location and relatively low price compared to local averages could make it attractive to buyers willing to undertake refurbishment projects.

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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