Perry Bishop says ..

Property Oracle says ..

The property is a 2 bedroom, 2 bathroom penthouse apartment located on Gloucester Street in Faringdon, Oxfordshire. It is listed at £210,000 and has 787 sqft of living space. The average price for properties in the area is £397,209, with an average price per sqft of £296. The property benefits from being close to several well-regarded schools, including Faringdon Junior School (0.21km), Faringdon Infant School (0.48km), and Faringdon Community College (1.19km), all of which have a good Ofsted rating. The property itself appears to be a converted property, retaining some original features such as exposed beams. The photos show a well-maintained interior with a modern kitchen and bathrooms. While the property is described as a penthouse, the images show a shared courtyard garden. The lack of private outdoor space is a notable factor. Considering the average price per sqft in the area (£296) and the property’s size (787 sqft), a rough estimate of its value would be around £232,772. The list price of £210,000 is therefore below the estimated value based on the average price per sqft. However, this must be considered in relation to the smaller size and lack of private outdoor space compared to the average property in the area. Several nearby properties on Gloucester Street have sold for significantly higher prices, ranging from £175,000 to £375,000. The lower end of this range is closer to the list price, but the higher end suggests the property may be underpriced, although this may be due to differences in size and features.

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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