Auction House says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located on Quayside in Thorpe Hamlet, Norwich. It is in need of modernisation and renovation. The property benefits from a small rear garden. The location is good, with proximity to Norwich city centre and the River Wensum. Several schools are within a reasonable distance, including Magdalen Gates Primary School (rated ‘Good’ by Ofsted) and Charles Darwin Primary School (rated ‘Outstanding’). Norwich train station is approximately 1.07km away, providing convenient access to other parts of the UK. Based on the provided images, the property is in poor condition and requires significant renovation. The flooring, walls, and kitchen are dated and worn. The property shows signs of damp in at least one room. The garden is overgrown and requires attention. The property has a small rear garden, although it is currently unkempt. The plot size is minimal. The list price of £200,000 is below the average price for the area (£228,472). However, considering the property’s condition, the price may appear reasonable, especially for someone looking for a renovation project. The average price per square foot in the area is £306.00. The property’s size (735.18 sqft) and condition must be factored into any valuation. The nearby properties show a wide range of prices, suggesting that the market is quite varied in this location. Further investigation into comparable properties in a similar condition would be needed to determine the true value of this 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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