David Baker says ..

Property Oracle says ..

This terraced property on Salop Street, Penarth, is listed at £375,000. The property has three bedrooms and one bathroom, and is 550 square feet in size. While the plot size is listed as 0.00 sqft, the provided images clearly show a small, enclosed rear garden. The property is located in the St. Augustine’s area of Penarth, which benefits from its proximity to several schools, including Albert C.P. School (0.11km), Westbourne Schools (0.45km), and Headlands School (0.76km). Penarth railway station is also conveniently located approximately 0.53km away, providing easy access to Cardiff and other areas.

The property appears to be a period property, retaining many original features. However, the interior images suggest that it is in need of some modernisation and updating. The décor is dated, and some areas show signs of wear and tear, such as the wallpaper in the bedrooms. While the kitchen and bathroom appear functional, a refresh would enhance their appeal. The overall condition is fair, but significant improvements could increase its value.

Considering the average house price in the area is £406,838, and the average price per square foot is £381, the listed price of £375,000 for this 550 sqft property seems reasonable, especially considering its location and the presence of a garden. However, potential buyers should factor in the cost of necessary renovations and modernisation. The presence of a garden, although small, is a desirable feature in this area, adding to the property’s overall value.

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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