Davies Auctions says ..

Property Oracle says ..

This three-bedroom terraced house located at 57 Tunnard Street, Grimsby, is currently listed for £10,000. The property is in need of substantial renovation. The photos reveal significant damage and deterioration throughout the interior, including damaged walls, floors, and outdated fixtures. The property requires extensive repair and modernisation before it would be considered habitable. The exterior appears relatively typical for terraced housing in the area, though some cosmetic work might be needed. The property benefits from a garden at the rear, although this also appears to require attention. The location in the East Marsh area of Grimsby is a key factor. While there are nearby schools with good Ofsted ratings and relatively easy access to transport links, the area itself is known for having higher levels of deprivation compared to other parts of Grimsby. This significantly impacts the overall desirability and value of the property. The low list price of £10,000 reflects the property’s poor condition and location. While this might seem attractive, prospective buyers must carefully consider the significant costs associated with renovation and the potential challenges of the location before making an offer. This property presents a high-risk, high-reward investment opportunity for someone with experience in property renovation and a tolerance for the challenges associated with a property in this area.

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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