Michael Hodgson says ..

Property Oracle says ..

This two-bedroom terraced house located on Balfour Street, Houghton-le-Spring, presents a unique opportunity for a buyer comfortable with undertaking substantial renovation work. The property’s list price of £30,000 is notably lower than other comparable properties in the area, a factor primarily attributable to its condition. The images reveal a property needing considerable modernisation across all aspects, from the kitchen and bathroom to the decor and potential damp issues. While the location benefits from proximity to amenities and transport links, the lack of outdoor space is a significant drawback. Potential buyers should factor in a substantial budget for renovation and repairs before making an offer. The property’s value lies primarily in its potential for improvement and the affordability of its initial price point. Thorough surveying and costing of refurbishment is essential before purchasing. The property’s proximity to highly-rated schools, such as Houghton Le Spring Nursery School (Outstanding Ofsted rating), could be a significant advantage for families. However, the lack of information on transportation options close to the property is a downside, potential buyers should check this for themselves independently

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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