Lovelle Estate Agency says ..

Property Oracle says ..

This three-bedroom, one-bathroom terraced house located on West Street, Scunthorpe, presents a mixed opportunity. The property’s location is relatively central, with good access to local amenities, schools (Scunthorpe Cofe Primary School, West Street Children’s Centre, and others), and transport links (Scunthorpe Train Station). This makes it potentially attractive to families or those seeking proximity to town centre facilities.

However, the property is in significant need of renovation. The photographs reveal a property in need of modernisation; the kitchen and bathroom are dated, and various rooms exhibit signs of disrepair such as damaged walls, incomplete decorating, and potentially damp issues. The small rear yard also requires considerable work. This means significant costs will be incurred following purchase.

The list price of £75,000 aligns with other properties in the immediate area; the average price for West Street is around £80,000 but other comparable properties are listed for higher prices; indicating a degree of potential value. However, the cost of renovation could easily eclipse the purchase price, making the overall value for money heavily contingent upon the buyer’s budget and DIY capabilities. Prospective buyers should factor in comprehensive refurbishment costs when assessing the overall financial viability of this property. A survey is essential before making any purchase decision to assess structural issues and identify the full scope of work required. This is not a move-in-ready property and is best suited for someone who is comfortable undertaking a project of this scale.

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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