Davies Auctions says ..

Property Oracle says ..

This property, located at 15 Derby Street in Hartlepool, is a terraced house listed at a significantly low price of £10,000. The provided image reveals a property in seemingly poor condition, with a boarded-up window and discarded mattresses in front, suggesting neglect or significant maintenance issues. While the location offers proximity to schools and a train station, the overall area’s desirability and safety require further investigation. The lack of information on square footage, plot size, and number of bathrooms makes a comprehensive assessment challenging. The low price, while attractive, needs careful consideration given the apparent condition and the higher prices of comparable properties in the area. Potential buyers should conduct thorough due diligence, including a full survey, to ascertain the extent of necessary repairs and any underlying issues that may affect the property’s value. The drastically low price compared to the average price for nearby properties is a significant red flag and should be investigated thoroughly before any purchase is considered. Further research into the property’s history and reasons for the low price are recommended. The property is likely to require substantial investment to bring it up to a habitable standard.

Therefore, we give this property 2 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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