Cameron Mackenzie says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located on Lansbury Road in Huyton, Liverpool. The asking price is £160,000. The property requires renovation. The interior photos show significant damage and wear and tear to walls, floors, and wallpaper throughout. The kitchen and bathroom, while functional, also appear dated and in need of updating. This will require a substantial investment from the buyer. The garden appears to be of average size for a property of this type in the area. The location is reasonably convenient, with several primary schools within a short distance. Train stations are also within a reasonable distance, offering access to public transport links. However, the immediate neighborhood appears to be a mix of properties, some in better condition than others. Further research into local amenities and the overall character of the neighborhood would be advisable. Given the average house price in the area is significantly higher (£265,583), and the average price per square foot is £236, the asking price of £160,000 could be considered relatively low, especially considering the need for extensive renovations. However, without knowing the actual square footage of the property, a definitive conclusion on the price’s reasonableness cannot be made. The need for extensive renovations does significantly impact the value, and the price reflects this. Further comparative analysis with similar properties needing renovation in the immediate area would be needed to provide a more accurate assessment of the list price.

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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