McHugh & Co says ..

Property Oracle says ..

This three-bedroom property in Bransholme, Hull is listed at £40,000. The property is in need of significant renovation, as evidenced by the numerous photos showing damaged walls, peeling paint, and exposed wiring. The kitchen and bathroom are also in disrepair. While the property has a small garden, its size is not specified. The average house price in the area is considerably higher at £137,937, and the average price per square foot is £154. Considering the property’s condition and the substantial renovation required, the list price of £40,000 might seem attractive initially. However, the cost of renovations could easily exceed this amount, making the overall value questionable. Nearby properties on Davidstow Close have sold for between £45,000 and £65,000, although the square footage of these properties is not provided. The property is located near several schools with good Ofsted ratings and is within reasonable distance of public transportation in Hull. This is a positive aspect of the property’s location. However, the overall condition of the property significantly impacts its value and requires careful consideration.

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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