Colette Gunter says ..

Property Oracle says ..

The property is located on The Paddock in Formby, Liverpool. The Paddock is a desirable residential street with an average house price of £512,500. The property benefits from its proximity to local schools such as Trinity St Peter’s Cofe Primary School (0.22km) which has a ‘Good’ Ofsted rating, and Freshfield Primary School (0.80km) with an ‘Outstanding’ rating. Several other schools are within a reasonable distance. The area also boasts convenient access to public transport, with Freshfield and Formby train stations within approximately 1.59km and 2.04km respectively. This contributes to a positive location score.

Based on the provided images, the property appears to be in need of some modernisation and updating. The interior features dated décor and carpeting, and while structurally sound, it would benefit from renovations to enhance its overall condition. The kitchen and bathroom are particularly dated. The exterior shows a property that is generally well maintained. However, the interior would need updating. This suggests a moderate condition score.

The property includes a garden, visible in the provided images, which is a desirable feature in this market. The garden appears to be of a reasonable size, adding to the property’s overall appeal. This indicates a positive land score.

Considering the list price of £425,000, the average price for properties on The Paddock (£512,500) and the condition of the property, the price seems relatively reasonable, especially considering the need for modernisation. The property’s location and the inclusion of a garden contribute to its value. However, the need for renovations will likely influence potential buyers’ perceptions of value. Therefore, a moderate price score is warranted.

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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