Hollis Morgan Auctions says ..

Property Oracle says ..

This two-bedroom flat located on Rivers Street in the Lansdown area of Bath is currently listed for £250,000 at auction. The property presents a mixed bag of pros and cons for potential buyers. The location is a definite advantage; Lansdown is a sought-after residential area in Bath, known for its beautiful Georgian architecture and convenient proximity to the city centre’s amenities, schools, and transport links (Bath Spa Train Station is relatively close). However, the property’s condition is a major drawback. The photographs reveal a flat needing considerable refurbishment. The flooring shows considerable wear and tear, and the interior requires modernisation. There is no mention of a garden. The property’s size at 806 sqft is average for a two-bedroom flat. The price point of £250,000 appears somewhat reasonable for the location, especially given the auction format; however, the required renovations will significantly impact the overall cost. Prospective buyers should factor in a substantial budget for renovation before making a bid. While the location offers appeal, the necessary work needed makes this a project property that would attract those comfortable with substantial home improvements. This makes it potentially attractive to investors looking for a renovation project, but less so for those wanting a move-in-ready home. Further investigation into the leasehold terms is crucial before committing to a purchase.

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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