Eadon Lockwood & Riddle says ..

Property Oracle says ..

The property is located in Highfield, Sheffield, South Yorkshire. The area benefits from relatively close proximity to several primary schools which are all rated ‘Good’ by Ofsted. Public transportation links are also within reasonable distance, with Sheffield train station approximately 1.97km away. Based on the provided images, the property appears to be in need of significant renovation. Walls show signs of damage and damp, and the kitchen and bathrooms are dated and require modernisation. The overall condition suggests a considerable amount of work is needed to bring the property up to a modern standard. The property does not appear to have a significant amount of land, the plot size is listed as 0.00 sqft. There is a small yard area, however, this is more of a passageway to the rear of the property. Considering the property’s condition, the lack of land, and the relatively low average price per sqft in the area (£248), the list price of £140,000 may initially seem reasonable. However, the necessary renovations will likely add significantly to the overall cost of ownership. While the average price in the area is significantly higher (£323,164), this average is skewed by larger properties. The nearby comparable properties are all terraced houses, but the prices vary considerably, suggesting that the market in this specific area is quite diverse. Therefore, a thorough cost analysis of the renovation work is essential to determine the true value for money. The property may represent a good investment opportunity for someone with the skills and resources to undertake a substantial renovation project.

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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