Warren Powell-Richards says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom bungalow located in Medstead, Hampshire. The list price is £425,000, and the property has a size of 607.54 sqft. The plot size is 0.00 sqft. The average house price in the area is £287,630, with an average size of 1,103 sqft and an average price per sqft of £260. Nearby properties range significantly in price, from £320,000 to over £1,000,000. This wide range suggests a diverse housing market in the area, with properties varying in size, style, and condition. Based on the photos, the property appears to be in fair condition. While habitable, some updating and modernisation would likely enhance its value. The kitchen and bathrooms show their age, and some flooring appears worn. The property benefits from a garden, albeit a relatively small one. Given the property’s condition, the relatively small size (607.54 sqft), and the lack of significant plot size, the list price of £425,000 appears high compared to the average price per sqft in the area. However, the higher-priced nearby properties suggest that location plays a significant role in pricing. Medstead’s desirability as a village location may justify the higher list price despite the property’s condition and size. Further investigation into the specific features and amenities of the property, as well as a detailed survey, would be needed to fully assess the value. The proximity to Medstead Church of England Primary School (rated ‘Good’ by Ofsted) is a positive factor for families. Other nearby schools are also within a reasonable distance, adding to the property’s appeal.

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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