Wilkie May & Tuckwood says ..

Property Oracle says ..

This three-bedroom terraced house in Taunton, Somerset, presents a mixed investment opportunity. Located on Belgrave Place, it offers a reasonably convenient location close to Taunton Train Station and several well-regarded schools, including St Andrew’s Church School and Wellsprings Primary School. However, the property is in significant need of renovation and modernisation. Images depict outdated interiors, damaged walls, dated flooring and a general need for updating to modern standards. The garden offers some outdoor space, but it’s relatively small and requires attention. The property benefits from being on a main road with easy access to local amenities. The current list price appears to reflect the considerable work needed and the cost of bringing it up to a modern standard, whilst also acknowledging the competitive nature of the local property market, making it a viable project for an investor with a budget that includes renovation costs. A full structural survey is necessary before purchase to identify any potential significant structural issues. Potential buyers need to factor in substantial renovation costs before they commit. Whilst needing a full renovation this property is located in a reasonable location in Taunton which adds to its desirability. Given that some nearby properties on Belgrave Place have sold for significantly higher prices, this home presents a possible bargain depending on the eventual cost of the renovation. However, the lack of readily available square footage data for comparable properties makes detailed price-per-square-foot analysis unreliable.

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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