Lincoln Ralph says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom bungalow located in Wickersley, Rotherham. The listing price is £325,000, and the property has a plot size of 1,045.18 sqft. The average house price in the area is significantly higher at £871,624, with an average price per sqft of £676. The property benefits from being situated on a prime cul-de-sac location, offering a degree of peace and quiet. The photos show a garden, suggesting ample outdoor space. The proximity to Wickersley village centre is also a positive attribute. However, the interior photos reveal that the property is in need of some modernisation. The kitchen and bathrooms appear dated and may require updating. The carpets also appear worn. While the property has potential, the current condition suggests that the buyer should budget for renovations. Considering the average price per sqft in the area is £676, and the property is 1099 sqft, a comparable property in good condition might be expected to sell for around £742,000 (£676 x 1099). Given the need for modernisation, the listed price of £325,000 appears relatively reasonable, although further investigation into the condition of the property’s structure and systems would be advisable before making a final assessment. The significant difference between the average house price in the area and the listed price of this property suggests it may be undervalued, but this is likely due to its condition.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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