William H. Brown says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located in Eaglestone, Milton Keynes, with a list price of £85,000. The location is reasonably good, with nearby schools and several train stations within a reasonable commuting distance. However, the average house price in the area is significantly higher (£418,366), suggesting this property might be in a less desirable part of Eaglestone or that the property itself significantly impacts the value. Based on the provided images, the property appears to be in need of modernisation and some repairs. The interior shows dated decor, worn flooring, and some signs of damage (e.g., stained carpets and walls). The kitchen and bathroom appear functional but are outdated. The exterior shows some discolouration on the brickwork. A significant amount of work would be needed to bring the property up to a modern standard. The plot size is small, but the property does have a garden, albeit one that also appears to need some attention. Considering the property’s condition, the small plot size, and the significant disparity between its list price and the average price per square foot in the area (£329), the asking price of £85,000 seems relatively low. However, the need for extensive renovation work must be factored in. A potential buyer should budget for substantial renovation costs. The low price may reflect the significant renovation required. Further investigation into the specific reasons for the low price is recommended.

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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