Wilkes-Green & Hill Ltd says ..

Property Oracle says ..

The property is a 2-bedroom flat located in Penrith, Cumbria. Penrith benefits from being relatively close to a train station, Penrith (North Lakes), which is approximately 1.21km away. There are also several schools within a reasonable distance, including North Lakes School (rated ‘Good’ by Ofsted) and Ullswater Community College (‘Requires Improvement’). This suggests a reasonably convenient location for families and commuters. However, the average house price in the area is significantly higher (635,000) than the listed price of this property (115,000), and the average property size is also considerably larger (1,134 sqft vs 422.50 sqft). This discrepancy needs further investigation. The images reveal that the property is in relatively good condition, though it shows signs of age and could benefit from some modernisation. The décor appears dated, and some minor updates might improve its overall appeal. The kitchen and bathroom seem functional but could also benefit from a refresh. The property includes a small shared garden area, which is a positive aspect, although it’s not a large private garden. Considering the average price per square foot in the area is 559.00, and this property is listed at 115,000 for 422.50 sqft, the price per sqft is approximately 272. This is significantly lower than the area average. However, the smaller size and the need for some modernisation should be considered when evaluating the price. The lower price point might attract first-time buyers or investors looking for a property that requires some updating. Further comparison with similar properties in the area is needed for a complete price assessment. The nearby listings show a range of prices, some significantly higher, which suggests that the price of this property could be considered reasonable, given its size and condition. However, the lack of sqft data for nearby properties makes a detailed comparison difficult. In summary, the property presents a mixed picture. The location is convenient, and the property is habitable, though some modernisation would enhance its value. The price is considerably lower than the area average, which could be attractive to certain buyers. A thorough inspection and comparison with similar properties would provide a more comprehensive assessment.

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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