Austin Gray says ..

Property Oracle says ..

This property is a one-bedroom leasehold flat located at Flat 1, 25 Burgess Road, Southampton, SO16 7AP. It's situated in the Bassett area of Southampton, close to Southampton Common, local shops and good primary schools. However, the flat is currently in a very poor state of repair and requires extensive renovation work. The interior photographs reveal significant clutter, damage to walls and floors, and a generally unclean and unmaintained property. The bathroom, while containing a bathtub and sink, is also in disrepair, requiring complete refurbishment. The kitchen exhibits similar conditions. The exterior shots display the property's position in a building including a hair salon and a garage, indicating a busy road location. There is only a small area to the rear which looks like a small yard space, this is not clear from the photos. The lack of details regarding square footage and plot size makes a comprehensive analysis of the property's value per square foot difficult. The £45,000 list price, while seemingly low considering the price of other local homes for sale, must be considered in the context of the necessary renovation. The fact that the property is being sold via auction on 13th June 2024 implies a willingness of the seller to accept a potentially lower price compared to a private sale. Potential buyers should be prepared for significant investment in refurbishment. While the location offers some benefits, the property's condition is a major drawback. Therefore, we give this property 4 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*

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