Astley & Co says ..

Property Oracle says ..

This two-bedroom semi-detached bungalow in Sprowston, Norwich, presents a unique opportunity for a buyer willing to undertake a comprehensive renovation project. The property’s location is a significant advantage, offering easy access to highly-rated primary schools and Norwich city centre. The presence of a private garden and a detached garage are additional benefits.

However, the property is in a very poor state of repair and requires extensive modernisation and refurbishment. The dated and damaged kitchen and bathroom, along with worn-out wall coverings and flooring throughout, demonstrate the significant investment needed. The exterior, while structurally sound, also benefits from some landscaping and potentially some exterior repairs.

The asking price of £190,000 reflects the location and potential value once renovated. However, potential buyers must factor in the considerable costs associated with modernising the entire property. A thorough survey and detailed cost estimation are crucial before committing to a purchase. A comparative market analysis of local prices per square foot is needed as no sqft data was provided for the subject property. This would lead to a more accurate determination of whether the list price is good value.

Overall, this property is suitable for a buyer with experience in property renovation and the financial resources to handle the substantial refurbishment required to transform it into a comfortable and modern home. The absence of square footage data on the property and its neighbors limits the accuracy of any comprehensive analysis of the property’s value.

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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