Auction House London says ..

Property Oracle says ..

This four-bedroom detached house in Bognor Regis, West Sussex, is being sold at auction. The property’s significant condition issues are immediately apparent from the photographs. Extensive renovation and refurbishment would be needed before the property could be considered habitable. Walls, floors, and ceilings are largely damaged or decaying, and the garden is heavily overgrown. While the location offers some advantages, including proximity to transport links and schools, the extensive work required and the condition issues must be a major consideration for any potential buyer.

The property’s four bedrooms represent a potential benefit, as this is a desirable feature for families. The location’s proximity to Bognor Regis town centre and its railway station to London provides good access to amenities and commuting options. However, these benefits are almost certainly outweighed by the property’s extremely poor state of repair. The auction format implies a degree of risk for the buyer.

The lack of accurate square footage data prevents a detailed analysis of price per square foot. However, the property’s overall condition implies that potential buyers must account for substantial renovation costs before the property becomes livable. The guide price should be carefully considered in relation to this renovation work, making due diligence crucial for potential bidders. The auction’s success is likely dependent on finding an investor willing to accept the level of work required at the suggested price. More information on the area’s specific property market trend and the extent of the necessary repairs would be beneficial.

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

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