Auction House Beds & Bucks says ..

Property Oracle says ..

The property is a 1-bedroom apartment located on Holly Street in Luton, Bedfordshire. The apartment is situated in a convenient location with nearby schools, including Chapel Street Nursery School (rated ‘Good’ by Ofsted) and Tennyson Road Primary School, both within a short distance. Luton railway station is also easily accessible, providing good transport links.

Based on the provided images, the apartment appears to be in need of some renovation. There is evidence of damp or mould in several rooms, and the bathroom and carpets look worn. The kitchen seems relatively modern but could benefit from some updating. The property includes a small, communal garden area.

Considering the average price per square foot in the area (£324) and the listed price of £120,000 for this 460 sqft apartment, the price seems relatively low. However, the required renovations would significantly impact the overall value. The average price for properties in the area is significantly higher (£269,233), but this is likely influenced by larger properties and those in better condition. The nearby comparable properties on Holly Street range from £120,000 to £210,000, but their square footage is not provided, making direct comparison difficult. The lower end of this range aligns with the list price of this property, considering its condition. The lower end of this range aligns with the list price of this property, considering its condition.

Overall, the property presents a potential investment opportunity for someone willing to undertake renovations. The low price point could be attractive, but the costs associated with bringing the property up to a desirable standard must be carefully considered.

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

Images