Abbotts says ..

Property Oracle says ..

This two-bedroom maisonette in Bungay, Suffolk, presents a mixed bag of opportunity and challenge for potential buyers. Its central location in Earsham Street offers convenient access to local amenities including shops and restaurants, and it also benefits from its proximity to several well-regarded schools. The town’s attractive setting, described as close to walking paths, further adds to its appeal.

However, the property’s condition requires careful consideration. The provided photos reveal a property that needs substantial renovation and updating. Walls appear to need repainting and the existing carpeting seems worn. The kitchen, while functional, would likely need to be fully replaced to satisfy modern standards. The lack of any garden or outside space is also a notable drawback.

In terms of pricing, £150,000 seems to be in line with other properties on Earsham Street, particularly considering some that are smaller and others that require similar levels of renovation. However, prospective buyers should factor in the significant costs associated with the necessary improvements and modernisation to create a comfortable living space. While the location is a strength, the condition of the property might require extensive expenditure to reach the desired quality. Overall, this property is suitable for those looking for a project and have both the resources and patience to undertake extensive refurbishment. The central location and local amenities present an opportunity, but this is offset by the significant work required.

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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