Connect-UK says ..

Property Oracle says ..

This three-bedroom, two-bathroom property located in Chichester, West Sussex, is currently listed for £300,000 for sale by auction. The property is situated on Jubilee Mews, a street with an average house price significantly higher than surrounding areas. The location benefits from being relatively close to Chichester train station and several well-regarded schools. However, the photographs depict a property in significant need of renovation. Outdated fixtures, worn carpets, and a general lack of maintenance are evident throughout. The garden, while present, is overgrown and requires considerable attention. The lack of precise plot size details limits a full assessment of the land’s value. While the location is attractive and potentially desirable once renovated, the significant work required and the current condition influence the property’s market value and affect the apparent value for money. The lack of readily available comparable property details (including square footage) makes determining the price’s reasonableness challenging, but based on visible condition and limited local data, the list price may be somewhat ambitious. Potential buyers should factor in substantial renovation costs into their budgeting and conduct thorough due diligence before bidding. The property presents an opportunity for someone seeking a project but requires significant investment and time to reach its potential. Given that this is being sold at auction, this needs to be reflected in any decisions made. It’s advisable to conduct an in-person viewing to fully assess the property’s condition and structural soundness.

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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