Savills says ..

Property Oracle says ..

This four-bedroom Victorian terraced house in York’s Micklegate area presents a compelling opportunity for a buyer willing to undertake a significant renovation project. The property’s location is a key strength, boasting close proximity to York city centre, excellent transport links (York train station is just 0.52 KM away), and several well-regarded schools. The proximity of primary schools including Scarcroft Primary School and well-regarded secondary schools like Millthorpe School is particularly advantageous for families. This prime location is undoubtedly a significant factor driving the property’s price point.

However, prospective purchasers should be aware that the property requires extensive renovation. The interior is dated, with considerable wear and tear evident in the photographs. The kitchen and bathrooms, in particular, appear outdated and would require complete replacement. This will undoubtedly add to the total cost of acquiring and inhabiting the property.

The garden is small and overgrown, but does provide some outdoor space. The potential for upgrading the garden is there but significant time, money and effort will be needed.

Considering the price of £720,000, the property might be considered expensive for the condition it’s currently in. However, given the premium price commanded by similar properties in this desirable location, the price might reflect the area’s value and future potential. A comprehensive survey is essential before committing to a purchase to fully assess the extent of the necessary repairs and renovations. Ultimately, this is a property where location and potential outweigh the current condition, presenting an attractive proposition for a buyer with the resources and expertise to undertake the necessary refurbishment.

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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