Richard Kendall says ..

Property Oracle says ..

The property located at Clifton Place, Wakefield, WF1 3JH, is a three-bedroom terraced house recently renovated to a high standard. The property boasts a modern kitchen with integrated appliances and a contemporary bathroom. The interior is bright and airy, with light neutral colours throughout. The flooring is modern and consistent throughout. The property benefits from a small, enclosed rear garden, ideal for low-maintenance upkeep.

The location is positive, with several primary and secondary schools within a short distance, including Wakefield St Johns Church of England Voluntary Aided Junior And Infant School (rated ‘Good’ by Ofsted). Wakefield Westgate railway station is also conveniently located approximately 1.02 km away, providing easy access to other towns and cities.

While the property itself is in excellent condition, the plot size is extremely small. This significantly impacts the overall value proposition. The average price per square foot in the area is £110, while the list price of £250,000 for a 150 sqft property is exceptionally high. This is significantly above the average house price in the area of £247,563. Considering comparable properties on Clifton Place, which range from £118,500 to £185,000, the list price appears inflated. The lack of plot size also contributes to this assessment.

Considering the property’s condition and location, the list price is not reflective of the market value, especially given the extremely small plot size. While the renovation is high-quality, the small size and high price per square foot compared to nearby properties suggest the asking price is significantly overvalued.

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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