McEwan Fraser Legal says ..

Property Oracle says ..

The property is a 3 bedroom, 2 bathroom house located in Macmerry, East Lothian, Scotland. The list price is £225,000 and the property has 1,022.57 square feet of living space. The average price of properties in the area is significantly higher at £876,250, with an average price per square foot of £571. However, this average is likely skewed by larger, more expensive properties. Nearby comparable properties range in price from £190,000 to £399,995. Based on the provided photographs, the property appears to be in good condition. The interior is well-maintained and updated, and there is no visible evidence of significant repairs needed. The exterior is also in reasonable shape. The property includes a small garden, which is a positive feature. While not extensive, it offers some outdoor space. Considering the property’s condition, the relatively small plot size, and its location in Macmerry, the list price of £225,000 appears to be reasonably competitive when compared to similar properties in the area. While the average area price is substantially higher, this average is not directly comparable due to the difference in property size and type. The nearby comparable properties support the assertion that the list price is within the expected range for a property of this size and type in Macmerry. The proximity to rail links at Longniddry and Prestonpans is also a positive factor for potential buyers.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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