William H. Brown says ..
THIS TWO BEDROOM SEMI-DETACHED PROPERTY is situated in the highly sought after NR5 postcode of Norwich. The property would make a fantastic investment opportunity and is in need of some modernisation throughout. **** Viewings are highly recommended to fully appreciate this property!! ****
This two-bedroom semi-detached house located on Norwich Road, New Costessey, is presented in need of modernisation. The property's exterior, as shown in provided images, appears structurally sound. However, the interior photographs reveal outdated fixtures and finishes. Wallpaper and flooring are noticeably dated, while the kitchen and bathroom require significant upgrades. The property boasts a garden, but the images show the garden needs attention. The listed price of £175,000 requires consideration of the substantial renovation costs required to bring it up to modern standards. The proximity to Banks House School and the relative closeness to Norwich city centre are positive aspects. The absence of information regarding the property's square footage and the limited data available on comparable properties from the nearby listings, particularly the missing square footage in the provided data, hinders an entirely conclusive evaluation of value for money. However, based on the available information, the price is not unreasonable, considering the location. A buyer should be prepared to commit to a comprehensive refurbishment project. Potential buyers must carefully assess both the renovation costs and the potential return on investment before making an offer. Potential buyers should also check the Ofsted reports for nearby schools, as they vary considerably in quality. Overall, the property presents a mixed picture, with opportunities tempered by the need for substantial improvements.
Therefore, we give this property 5 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*
