McHugh & Co says ..

Property Oracle says ..

This three-bedroom property in Chippenham, Wiltshire, presents a compelling yet complex investment opportunity. Located on Barrow Green, it benefits from a relatively close proximity to Chippenham train station and several schools, enhancing its appeal. St Paul’s Primary School, rated ‘Good’ by Ofsted, is within walking distance.

However, the property’s condition requires significant consideration. The interior images reveal extensive cosmetic and possibly structural work needed. Outdated finishes, damaged walls, and worn flooring are evident throughout. While a functional bathroom is present, a full refurbishment will be essential before the property is comfortably habitable. The garden, although visible, needs attention, suggesting additional landscaping or gardening work may be required.

The list price of £85,000 stands out against nearby comparable properties, which significantly exceed this value. This discrepancy reflects the condition of the property, indicating that the cost of renovation would form a substantial part of the total investment. Prospective buyers need to factor this renovation cost into their budget, offsetting the initial low list price. A careful assessment of potential renovation costs is essential to determine the true financial viability of this property. Overall, the property presents potential for future value but significant upfront investment is necessary.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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