JOSEPH HARRIS ESTATE AGENTS LTD says ..

Property Oracle says ..

This two-bedroom end-of-terrace property located on Sun Street in Stockton-on-Tees, County Durham, is presented as a renovation project. The listing highlights its potential for rental income (£600/month after refurbishment) and convenient location near schools and shops. The property’s current condition is poor, as shown in the accompanying photos, indicating significant repair and refurbishment work are necessary. The photos display damaged walls and floors, needing complete refurbishment to restore the property to a habitable standard. The bathroom and kitchen are especially in need of complete renewal. The lack of information on the property’s square footage and plot size is significant for a full assessment. Considering nearby properties on Sun Street have sold for prices ranging from £11,500 to £73,000, the asking price of £40,000 may seem reasonable given its condition and potential, but the actual cost of the refurbishment will considerably alter the final value and the property’s investment viability. Potential buyers need to budget for extensive renovation work, conducting their own comprehensive survey before committing to purchase. The proximity to transport links (Stockton train station is approximately 1.57 km away) and schools (including the ‘Good’-rated Oxbridge Lane Primary School) offers a positive aspect for families. However, the property’s condition and absence of garden information require careful consideration. Overall, this property is a high-risk, high-reward investment. Careful financial planning and a thorough professional survey are essential.

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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