William H. Brown says ..

Property Oracle says ..

The property is located in Southey Crescent, Maltby, Rotherham, South Yorkshire. It’s a three-bedroom, one-bathroom house with a 727.88 sqft floor area and a listed price of £110,000. The property benefits from a rear garden.

The property appears to be in need of some modernisation and updating. Whilst the structure seems sound, the interior requires some work to bring it up to a modern standard. The kitchen and bathroom are dated and would benefit from refurbishment. The décor throughout is tired and would need updating.

The property is located in Maltby, a town in Rotherham. Nearby amenities include schools (Maltby Manor Academy is rated ‘Good’ by Ofsted, and is within a reasonable distance), and transport links (Conisbrough train station is approximately 8.36km away). The proximity to these amenities is a positive aspect for potential buyers. However, the average house price in the area is significantly higher (£871,624) than the listed price of this property, and the average price per sqft is also higher (£676.00). This suggests that the property might be priced competitively, especially considering its condition and the need for modernisation. However, other nearby properties on Southey Crescent have sold for between £70,500 and £89,000, indicating that the asking price may be slightly on the higher side for a property in this condition.

Considering the property’s condition, location, and the need for modernisation, the listed price of £110,000 appears to be at the higher end of the market value for similar properties in the area. While the location offers some advantages, the required renovations and the comparison to other nearby sales suggest that a more thorough assessment of the property’s condition and a more competitive pricing strategy might be beneficial.

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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