Keith Taylor says ..

Property Oracle says ..

This three-bedroom terraced house in Selby, North Yorkshire, presents a mixed investment proposition. The location on Millgate places it relatively close to local schools, including Selby Abbey Church of England Primary School and Selby High School, both rated ‘Good’ by Ofsted. The nearby Selby train station provides convenient access to other areas. The property benefits from having a small, fenced yard or shared passage to the rear, although its overall size is limited, which is common in a terrace house. However, the property is in considerable need of renovation, evidenced by the many interior photos which display peeling wallpaper, damaged flooring, outdated bathrooms, and an overall tired appearance. Potential buyers should be aware of the likely extensive refurbishment needed to bring this property to a habitable standard and would need to consider this before putting in an offer. The list price of £125,000 for a three-bedroom house seems reasonable for this area, keeping in mind the requirement for a considerable amount of renovation. The market in this area will vary, and recent comparable properties show a mixed bag of pricing. Overall, this is a project property that is well-located, albeit in need of significant work, making it suitable only for those with experience in renovations or the financial capability to handle them. Further investigation into the property’s structural integrity and any potential hidden issues are advisable before any commitment is made.

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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