Hollis Morgan Auctions says ..

Property Oracle says ..

This property in Warmley, South Gloucestershire, presents a unique opportunity for buyers seeking a project. The listing includes a sizeable detached house and a separate cottage on a good-sized plot. The main house is relatively large at 1914.79 sqft, with four bedrooms and three bathrooms. However, the photographs indicate the property requires extensive modernisation and updating. The interiors exhibit dated finishes and décor including carpets and wall coverings, and some areas appear in need of repair. The kitchen and bathrooms are particularly dated. The accompanying cottage is even more in need of renovation with considerable work needed to make it habitable. The property benefits from a substantial garden and various outbuildings which also show signs of age and would require attention. The location in Warmley offers a compromise between suburban convenience and a more rural environment with proximity to a rated 'Good' Ofsted primary school and reasonable access to transportation via train at Keynsham, 4KM away. The overall value proposition comes from the potential for renovation and development of the existing house and cottage, alongside the significant land available, which ultimately would increase the value of the property, provided the renovations are done to a high standard. The absence of definitive square footage data for similar properties in the vicinity makes it challenging to determine a precise price per square foot comparison, making an accurate assessment of value based solely on this metric challenging. The asking price for the combined property should be considered alongside the expected costs of renovating and modernising both structures. Given the extensive renovation that is required, this is likely to be a high risk and high reward project. A potential buyer would need to weigh these factors carefully before submitting a bid. Therefore, we give this property 6 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*

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