Richard Kendall says ..

Property Oracle says ..

Fox Lane, Wakefield is a 3 bedroom semi-detached property located in Wrenthorpe And Outwood West, Wakefield, West Yorkshire. The property is listed at £200,000 and has 1,600 sqft of living space. The average house price in the area is £323,522 with an average price per sqft of £200. The property benefits from being close to several schools and train stations, providing convenient access to public transportation and amenities. Based on the provided images, the property is in need of significant modernisation and renovation. The interior shows dated decor, worn carpets, and some areas of damage to walls and ceilings. The garden is overgrown and requires considerable attention. Therefore, the condition of the property is significantly below average for the area. While the property does have a garden, its current state is neglected and detracts from its overall appeal. The plot size is listed as 0.00 sqft, which may indicate a smaller than average garden for the area, although further information is needed to confirm this. Considering the property’s condition, the relatively small garden, and the significantly lower price compared to the average house price in the area (£323,522), the list price of £200,000 may appear reasonable for a buyer willing to undertake extensive renovations. However, the average price per sqft in the area is £200, and the property’s condition would likely require a substantial investment to bring it up to a modern standard. Nearby comparable properties range from £145,000 to £457,500, showing significant variation in price and condition. The final price will depend on the buyer’s willingness to undertake the necessary renovations and the overall market conditions.

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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