Molyneux Estate Agents says ..

Property Oracle says ..

This two-bedroom detached bungalow in Lakenheath, West Suffolk, presents a mixed investment opportunity. The property is listed at £170,000 and boasts a total area of 938.67 square feet. The provided photographs reveal a property that requires substantial renovation. The kitchen, bathroom, and flooring are all in need of complete replacement or refurbishment. Walls display significant damage and require complete redecoration. The overall impression is one of significant work being required before the property becomes habitable to a modern standard. Whilst the plot size is not specified, the small garden requires landscaping. The location is a positive factor, offering access to local schools (although their Ofsted ratings could be better), transportation links via the nearby Lakenheath train station, and other amenities of Lakenheath. Nevertheless, prospective buyers must factor in the extensive renovation costs which could easily exceed a considerable amount. The property could be suitable for a buyer seeking a renovation project who is comfortable handling substantial works or for an investor looking for a potential return following significant investment and refurbishment. It’s crucial to obtain a professional survey to fully assess the structural condition and potential costs associated with the necessary works before any purchase decisions are made. Comparison with similar properties in the area, particularly those needing renovation is essential for informed decision making.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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