Safe & Secure Properties says ..

Property Oracle says ..

This two-bedroom terraced house in Shildon, County Durham, is presented as a fixer-upper property, requiring extensive renovation. The property is listed at £30,000, which may appear attractive but should be carefully considered against the refurbishment needs. The property’s location in Shildon places it reasonably close to local primary schools (Timothy Hackworth Primary School is less than 1km away, and two others are within 1.5km) and transport links, including the Shildon train station less than 1.1km away. However, it does require significant work. The exterior appears relatively intact from the provided images, but interior photos reveal significant damp issues in the bathroom and general wear and tear throughout. Floors, walls, and the kitchen require complete modernisation. The small rear yard is present, but it’s in disrepair and minimally sized. Comparable properties on Scott Street show average prices ranging from £40,000 to £58,000. However, these properties do not show the level of disrepair as the property under review. Considering the substantial renovation costs needed, potential buyers must carefully assess the overall investment costs before purchasing. Potential buyers must carefully consider the significant refurbishment costs before making an offer. Investors might find potential here, but only after a detailed cost analysis of the repair and refurbishment work required. Given the lack of square footage information, an accurate assessment of the price per square foot is impossible, although in this condition, it would probably be extremely low.

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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