Auction House London says ..

Property Oracle says ..

This property, located on East Park Avenue in Hull, is a two-bedroom terraced house listed at £35,000. The property’s listing indicates that it is being sold via an auction, suggesting that it might require significant work. The photographs reveal a property that is in a state of disrepair, showing evident signs of needing major maintenance and possible structural work. The current condition makes it unsuitable for immediate occupancy.

The location is close to several primary and secondary schools, with reported Ofsted ratings suggesting a good level of education locally. The proximity to East Park is a positive factor offering recreational green space. Access to public transportation may also exist with the city centre of Hull relatively close. However, more detailed analysis is needed on this property’s immediate surroundings and the street’s broader reputation before a comprehensive judgement can be made on location desirability.

The lack of information regarding the property’s square footage and plot size hinders a precise property evaluation. The extremely low list price compared to other nearby terraced houses listed on the same street, and other similar streets, hints at the significant costs that would be involved in renovating the property. Any potential buyer must account for these costs when making their assessment.

In summary, this property presents a high-risk, high-reward investment opportunity for buyers with experience and funds for a comprehensive renovation project. The potential for profit exists, but significant expense and effort must be factored in. Buyers should conduct a thorough property survey before making any offer, particularly given the lack of information on property square footage, plot size and any issues revealed by a survey.

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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