Auction House says ..

Property Oracle says ..

The property is a two-bedroom terraced house listed at £75,000. The average house price in the area is significantly higher at £243,431, and the average price per square foot is £346. This property is considerably lower than the average, suggesting it may be underpriced. However, this needs further investigation. Considering nearby listings, the prices range from £31,000 to £185,000. The lower end of this range aligns with the list price of the subject property, indicating that the price may be reasonable within the context of the immediate area, particularly given the smaller size and apparent condition. However, without knowing the square footage of the comparable properties, a direct comparison is difficult. The property appears to be in relatively good condition. While the photos show a simple interior, there is no visible evidence of significant damage or disrepair. The kitchen and bathroom seem functional, though somewhat dated. The flooring appears to be relatively new. The property lacks a garden (plot size of 0.00 sqft). This is a common feature of terraced houses in urban areas, and therefore is not necessarily a negative factor in this case. The location is within reasonable proximity to several schools (all within 0.82 km) and transportation links (Leeds train station is 2.46 km away). The proximity to schools and transportation is a positive aspect of the property’s location. In summary, while the list price is substantially below the average for the area, the condition of the property, lack of land, and its location relative to amenities suggest that the price may be justified. The property’s smaller size compared to the average in the area is a significant factor. More information on the square footage of comparable properties would allow for a more precise assessment of the property’s value.

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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