Loveitts says ..

Property Oracle says ..

The property located at 28 Ribble Road, Lower Stoke, Coventry is a two-bedroom terraced house listed at £60,000. The property is in need of significant renovation. The property’s condition is very poor. The images show significant clutter and disrepair throughout the house. Walls, floors, and fixtures appear damaged and unclean. A full renovation would be required before the property could be considered habitable. The land associated with the property appears to be minimal, consisting mainly of an overgrown and unkempt area with a dilapidated shed. Considering the average price per square foot in the area is £267, and this property is listed at £60,000 with 684.58 sqft, the price seems low. However, the significant cost of renovation must be factored in. The low price likely reflects the property’s poor condition and the extensive work needed. Nearby properties on Ribble Road have sold for significantly more, ranging from £124,000 to £165,000. These properties are likely in better condition. The area average price is £271,998, highlighting the significant difference. The location is close to several schools, including Gosford Park Primary School (rated ‘Good’ by Ofsted) and Blue Coat Church of England School, both within a kilometer. Transportation links to Coventry city center are also relatively close.

Therefore, we give this property 2 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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