Martin & Co says ..

Property Oracle says ..

This three-bedroom semi-detached house on Leechmere Road, Sunderland, presents a mixed bag of opportunities and challenges. The property is situated in a reasonably convenient location, being within reasonable proximity to schools and public transportation, thereby making it suitable for families or those needing transport options. However, the provided photographs clearly show that the property is in need of extensive refurbishment. The interior design appears dated, and significant work is needed to bring the property up to modern standards in terms of the kitchen, bathroom, and general cosmetic improvements. The outside space is quite compact, limiting the potential for outdoor activities or expansion.

The listing price appears to be somewhat reasonable in consideration of the overall market and the need for significant refurbishment. Comparable properties in the area are of varying prices, and the property’s location positively impacts the market value. The size of the property could also be considered a positive, especially for those seeking space. However, the cost of refurbishment is a crucial consideration for any potential buyer.

Potential buyers should carefully weigh the cost of renovation against the property’s potential value upon completion and location. A thorough survey is recommended before committing to purchase, taking into account the need for repairs and potential costs for updating the property’s facilities and internal design to be suitable for modern living standards.

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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