Fresh Property Centre says ..

Property Oracle says ..

This three-bedroom flat located on Hopper Street in North Shields, Tyne and Wear, presents a mixed bag of opportunities and challenges. The property’s most striking feature is its affordability and potential, given its price point of £60,000. The location is satisfactory, providing reasonable proximity to several well-rated primary schools and North Shields town centre, offering convenience for various services and amenities. However, the lack of details on public transport options and other local facilities necessitates a balanced view of the property’s location.

The property’s condition, however, represents a major caveat. The photographs reveal a property in need of considerable refurbishment. The flooring throughout needs replacing, and both the kitchen and bathroom are outdated and require a complete overhaul. This will represent a significant investment for any potential buyer. This refurbishment needs to be factored into any potential return on investment analysis.

The exterior of the property appears to be part of a terrace of similar properties. The small rear yard provides limited outdoor space. The square footage of the property was provided but the land plot size was not.

Overall, this property is a potential investment for those with renovation skills and budget who can add significant value to a property in an otherwise desirable location. The current price should be considered in relation to the cost of refurbishment and future potential value. It is essential for potential buyers to conduct a thorough survey to assess the full extent of any structural or hidden problems that may exist. Buyers should always obtain independent professional advice before making a purchase decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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