Bespoke Lettings Ltd says ..

Property Oracle says ..

The property is a 5 bedroom HMO located in Rotherham, South Yorkshire. The average house price in the area is significantly higher at £871,624, and the average price per sqft is £676. However, nearby comparable properties are listed at much lower prices, ranging from £62,000 to £245,500. This suggests a wide range of property values in the immediate vicinity. The property itself appears to be in good condition based on the provided images. The kitchen and bathrooms are modern and well-maintained. The bedrooms are simply furnished but clean and presentable. There is no evidence of significant repairs or renovations needed. While specific plot size information is missing, the images show a small conservatory or sunroom, suggesting some outdoor space. However, the extent of the land is unknown and cannot be accurately assessed. Given the disparity between the average house price in the area and the prices of nearby comparable properties, the list price of £245,500 for this 5-bedroom HMO requires further investigation. The lack of sqft data for the property makes a definitive price per sqft comparison impossible. The price may be reasonable if comparable HMOs in the area command similar prices, but without more data, a conclusive statement on value cannot be made. More information on the property’s size and the local market for HMOs would be needed to provide a more informed opinion.

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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