Auction House says ..

Property Oracle says ..

The property is a detached bungalow situated in Nafferton, East Riding of Yorkshire. It benefits from a sizable plot of 1,723.71 sqft and is listed at £500,000. The average house price in the area is significantly lower at £293,583, with an average price per sqft of £244. Nafferton Primary School, rated ‘Outstanding’ by Ofsted, is conveniently located just 0.12km away. Nafferton train station is also within easy reach at 0.82km.

The bungalow itself appears to be in need of modernisation. The interior finishes, fixtures and fittings are dated and would require significant investment to bring the property up to a modern standard. The property shows its age, and while structurally sound, cosmetic and potential functional upgrades are clearly needed. The garden is a significant feature, offering considerable space and privacy.

Given the need for renovation, the list price of £500,000 appears high compared to the average price in the area. While the large plot and convenient location are positive factors, the extensive refurbishment required needs to be factored into any assessment of value. The lack of sqft information for comparable properties makes a precise price per sqft comparison impossible. However, considering the condition and the average price per sqft in the area, the asking price seems considerably higher than the market average.

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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