Heather & Lay says ..

Property Oracle says ..

Penryn, Cornwall, Detached Bungalow Property Analysis

The property is a detached bungalow located on Bodinar Road in Penryn, Cornwall. It boasts 3 bedrooms, 1 bathroom, and a total area of 1,114 sqft, situated on a plot of 1,186 sqft. The list price is £375,000.

Location: Penryn benefits from its proximity to the coast and the town of Falmouth, offering a desirable lifestyle. The presence of Penryn Primary Academy and Penryn College within a short distance is a significant positive for families. Train links are also relatively close, although the listed distances may require further investigation to ascertain the practicality for daily commutes. The overall location score is influenced by the balance of these factors.

Condition: The property appears to be well-maintained and in good condition. The images show a recently updated kitchen and bathroom, suggesting recent renovations or upgrades. There is no visible evidence of significant wear and tear or the need for major repairs.

Land: The property includes a garden, visible in the provided images. The size of the plot (1,186 sqft) is relatively modest, but sufficient to provide outdoor space.

Price: Considering the average price of £297,500 and average price per sqft of £337 in the area, the list price of £375,000 for this 1,114 sqft property seems slightly higher than average. However, the property’s detached nature, good condition, and the inclusion of a garden could justify a premium compared to the average semi-detached properties in the area. Nearby comparable properties on Bodinar Road are priced between £184,950 and £230,000, significantly lower than the listing price. Further investigation into the specifics of these comparables is needed to fully assess the price justification. The average price of nearby streets also needs to be considered. Woodway shows an average price of £375,000, indicating the list price could be justified if this property is comparable in quality 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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