Property Analysis Report

 Target Property Details
- Address: REDACTED
- Type: Terraced
- Layout: 2/1
- Listing Price: £200,000.00
- Price per Sq/m: £2,985.07
- Floor Area: 67.0 sq/m
- EPC Rating: D
- Age Band: England and Wales: before 1900
- Heating Type: Boiler and radiators, mains gas (Good)
- Days on Market (DOM): 0

 Market Analysis
 Comparable Properties
- Number of Comparables: 3
- Average Price: £221,666.67
- Price Range: £125,000.00 - £280,000.00
- Average Price per Sq/m: £2,871.33
- Median Price per Sq/m: £2,871.33

 Closest Comparables (within 0.2 miles)
- 2 BIRCH ROAD, LE65 1FW: £260,000.00 (2025-02-28)
Average Price of Closest Comparables: £260,000.00

 Price per Square Meter by Key Characteristics
- By Property Type (Terraced): £0.00
- By Floor Area (50-100 m²): £3,218.39
- By EPC Rating (D): £3,218.39
- By Age Band (England and Wales: before 1900): £3,218.39
- By Distance (0-0.2 miles): £2,524.27
- By Heating Type (Boiler and radiators, mains gas (Good)): £2,871.33

 Market Conditions
- Average Market DOM: 84
- Market Type: Balanced Market
- Market Absorption Rate: 46.09%
- Market Reduction Rate: 32.17%

 Is the Property Overpriced?
The target property’s price per square meter (£2,985.07) is below the median (£3,218.39). Compared to relevant market averages:
- Semi-detached properties: £0.00
- EPC rating D: £3,218.39
- Age band England and Wales: before 1900: £3,218.39

The property is underpriced relative to the local market.

 Fair Market Value
Based on available price per square meter metrics, the estimated fair market value is approximately £207,720.69 - £211,917.06. 

 Recommended Fair Offer
A good offer, accounting for negotiation and market conditions, is £188,836.99 - £199,327.93 (5-10% below fair market value). This aligns with the market’s 32.17% reduction rate and Balanced Market conditions.

 20% Below Market Value Offer
To secure the property at 20% BMV:
- Offer: £167,855.10 (Price per sq/m: £2,505.30)
- Negotiation Strategy: Highlight the low energy efficiency rating . The 32.17% reduction rate suggests seller flexibility. Consider an upper limit of £176,247.86 if negotiations require a higher offer.

 Additional Considerations
- Strengths: N/A; EPC rating D; DOM (0) below market average (84).
- Weaknesses: High price per sq/m compared to comparables; modest floor area (67.0 sq/m).
- Negotiation Leverage]: Use the market reduction rate and balanced market conditions to justify a lower offer.