McHugh & Co says ..

Property Oracle says ..

The property is a 4-bedroom end of terrace house located in Bootle, Merseyside. The list price is £30,000. The property is in extremely poor condition. The images show significant water damage, damp, and a collapsed ceiling in multiple rooms. There is also evidence of mold growth. Extensive renovation work is required throughout the property. This includes, but is not limited to, replacing ceilings, repairing water damage, treating mold, and potentially replacing flooring and fixtures. The property benefits from a rear garden, although the images suggest it is overgrown and requires attention. The size of the garden is not specified. Considering the extremely poor condition of the property, requiring substantial renovation, and the average price per sqft in the area being £232, the list price of £30,000 may initially seem exceptionally low. However, the required works would likely add significantly to the overall cost. The property’s value would be significantly increased upon completion of the necessary renovations. Therefore, while the list price is low, the significant investment needed to make it habitable must be considered. The property is located close to several schools and transport links. However, the quality of the nearby schools varies, with some rated as ‘Good’ and others in ‘Special Measures’. The proximity to transport links is a positive aspect.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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