Connells says ..

Property Oracle says ..

This property at Henderson Place, Plymouth, presents itself as a significant renovation project. The images reveal a property needing complete modernization across all aspects. The internal finishes are dated and show considerable wear and tear; damaged ceilings, worn carpets, and outdated kitchen and bathroom fittings are all evident. While the external structure looks intact, the internal condition suggests a substantial investment would be required to make this a habitable living space or suitable for rent. The lack of any significant garden space is also a drawback.

The location in Devonport offers some advantages, being relatively close to transport links (railway stations) and schools. While the immediate neighborhood might not be considered a premium location, its proximity to Plymouth city centre and other areas provides access to local amenities and employment opportunities. The listed price of £150,000 falls within a typical range for properties in the area but should be cautiously considered given the extensive renovation costs required before it reaches a marketable standard. Potential buyers should factor in substantial refurbishment costs into their budget, assessing whether the resulting property value justifies the overall investment.

It’s important to note that the lack of precise square footage information for comparable properties makes a fully comprehensive price comparison challenging. However, based on the available information, the property offers a possible return on investment for someone who is prepared to undertake extensive renovations, has sufficient capital for that work, and is comfortable with the project risk involved. A professional survey is strongly recommended before 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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