Pattinson Estate Agents says ..

Property Oracle says ..

This 2-bedroom, 756.70 sqft apartment located on The Crescent, Middlesbrough, is currently listed for £55,000 and will be sold via online auction. The property is situated in a desirable residential area with several schools and Middlesbrough train station within a reasonable distance. The building itself appears to be well-maintained from the exterior, showing a pleasing architectural style in a period building. However, the interior requires considerable modernisation and updating. The carpets, wallpaper, and kitchen and bathroom fixtures are dated and worn. The current decor might appeal to some, but most buyers will likely budget for significant renovations to bring the property to a modern standard. While the listing price appears initially competitive in the context of the broader market, the cost of the renovations necessary to improve the property must be factored into any decision. The limited information on what is included in the sale, such as appliances and fixtures, also needs to be considered before making a final valuation. The auction format adds an element of uncertainty, with the final sale price potentially exceeding or falling below the listed price depending on bidding dynamics. Potential buyers should carefully inspect the property and have accurate cost estimations for the renovations before bidding. A property survey to uncover any underlying structural issues is recommended.

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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