Fox & Sons - Land & New Homes says ..

Property Oracle says ..

This property located at Skippetts Lane West in Basingstoke, Hampshire presents a complex case. The listing price of £1,650,000 is striking, especially given the property’s apparent state of disrepair. The image clearly shows a building in need of extensive renovation, with boarded-up windows suggesting significant damage or neglect. The lack of information regarding the square footage, number of bedrooms and bathrooms, and plot size makes a comprehensive valuation difficult. The location, however, offers some advantages. Basingstoke is a relatively well-established town with good transport links and access to amenities and schools. Proximity to Basingstoke railway station and several schools rated ‘Good’ by Ofsted is a positive. However, without knowing the specifics of the property’s size, internal layout, and the extent of the required works, it’s impossible to determine if the asking price reflects a realistic market value. The current condition necessitates a significant investment to make it habitable, which must be factored into any potential purchase decision. Further investigation into the property’s structural integrity and the costs associated with the necessary renovations is crucial before making any assessment of its value. In its current state, the property is a high-risk investment with a potentially high reward if the renovation is successfully completed.

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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