William H. Brown says ..

Property Oracle says ..

This 2-bedroom ground floor flat on Queens Road, Hull, presents itself as an investment opportunity, as advertised. Located in the Avenue area of Kingston Upon Hull, within the HU5 2QG postcode, the property is relatively close to St. Vincent’s Voluntary Catholic Academy, rated ‘Good’ by Ofsted, and several other schools. It’s also within reasonable proximity to Hull Train Station. However, the property’s condition requires significant attention. The photos show the interior to be cluttered, and the fixtures and fittings appear outdated. The rooms show evidence of significant wear and tear and the property would benefit from a complete refurbishment. Notably, there is no garden and the flat is part of a larger building, limiting its outdoor space. In addition, the listed square footage is 731.95 sq ft, and the absence of plot size indicates a lack of substantial land. The list price of £50,000 may be attractive to investors seeking a project, but potential buyers should factor in the substantial costs associated with renovation. The property’s location presents some positives, namely access to good schools and transportation. However, without further investigation of the area’s market trends and the potential rental yield for a refurbished property, concluding whether this property represents a sound investment is difficult. Overall, prospective buyers should carefully consider both the potential and required investment, to establish if this property meets their expectations.

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