William H. Brown says ..

Property Oracle says ..

This two-bedroom terraced house in Hull presents a mixed bag of prospects for potential buyers. While the location benefits from relative proximity to well-regarded schools like Thoresby Primary and Bricknell Primary, both with ‘Outstanding’ Ofsted ratings, and reasonable access to railway stations, the condition of the property itself is a significant concern. The photographs reveal a clear need for extensive renovations and modernisation throughout. The interior appears dated and requires significant work, from the flooring and walls to the kitchen and bathroom fixtures. The presence of a small garden provides some added value, but its current state, as seen in the pictures, suggests it will also require attention.

The list price of £75,000 falls within the pricing range of similar properties on Perth Street West and in nearby streets. However, considering the necessary renovations and modernisation, the asking price may be slightly above what a buyer is willing to pay to take on this project, especially considering that some comparable properties are listed at slightly lower prices. The lack of square footage data for the property and neighbouring properties makes a precise price-per-square-foot analysis impossible. A thorough survey and professional assessment are recommended before any purchase to accurately gauge the true cost of renovations.

Overall, this property presents a potential investment opportunity for someone prepared to undertake a significant renovation project. Buyers should carefully weigh the costs of the necessary repairs against the property’s location and potential resale value once improved.

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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