Nicholas Humphreys says ..

Property Oracle says ..

This two-bedroom mid-terrace property in Hanley, Stoke-on-Trent, presents a mixed bag. Its location is a reasonable strength. The proximity to the city centre and recreational areas like parkland and canal walks could be appealing to buyers seeking convenience and access to outdoor spaces. The presence of schools nearby is a factor which could make it attractive to families, while the access to railway stations provides further appeal. However, the condition of the property significantly detracts from its overall appeal. The provided photographs reveal visible wear and tear on the walls, flooring, and even some fixtures. This necessitates renovations and potential repairs, impacting the immediate livability and adding to the buyer’s financial commitments. The small amount of outdoor space, barely more than a backyard, is further limitation. In terms of pricing, the £140,000 asking price needs to be considered in light of the needed improvements. While comparable properties on Kiln View street command similar prices, the state of this particular house suggests that a buyer should factor in renovation costs. Potential buyers should factor in a budget for refurbishment works before making a decision, as this will dramatically impact the final overall cost and potentially alter the value proposition, as it impacts whether it is a good value for money compared to other properties that do not require renovation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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