Greenbank Property Services says ..

Property Oracle says ..

This two-bedroom, one-bathroom property located on Wervin Road, Westvale, Kirkby, Merseyside, is listed for £52,000. The property’s size is 720.86 sqft, and it’s described as a flat or apartment. The surrounding area includes several nearby schools, with at least two receiving good to outstanding Ofsted ratings and Kirkby train station is less than a kilometer away. However, it is worth noting that the average property prices in the immediate vicinity are significantly lower than in other parts of Merseyside, suggesting the area may be less affluent. The property itself, judging by the images, appears structurally sound from the exterior. The interior, however, shows its age with the kitchen and bathroom appearing to need updating and modernization. The absence of a garden or yard is a significant drawback. The list price seems competitive in the context of nearby similar properties, but its overall value depends on a buyer’s priorities. The presence of a sitting tenant, mentioned in similar nearby listings, suggests a potential investment opportunity for those looking for rental income. Prospective buyers should conduct thorough due diligence, including a full property survey, to assess the true value and determine whether this property aligns with their individual needs and expectations. It’s important to investigate the actual current rental income generated by the property to understand the return on investment before committing to a purchase. The proximity of good schools is a major positive factor, however, the slightly run-down appearance of the property needs to be taken into account. A careful assessment of the repair costs needed will influence overall value for money for a potential buyer. Overall, this property represents a potentially reasonable investment opportunity for buyers looking for rental income in a convenient location with access to transport and schools, but potential buyers should not overlook the required upgrades to the property.

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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