DDM Residential says ..

Property Oracle says ..

This two-bedroom detached bungalow located on Rochdale Road, Scunthorpe, is presented as a ‘fantastic opportunity’ by the listing agent, although requires some consideration. The property’s key strengths are its location within a relatively convenient area of Ashby, Scunthorpe, with good access to schools and transport links, and its generous garden and detached garage. The nearby schools include several that are rated as ‘Good’ by Ofsted. Nearby transportation options include Scunthorpe Train station which is only 2.57 KM away.

However, the property is in need of significant modernisation. The interior décor is very dated, featuring older carpets, wallpaper, and kitchen and bathroom fittings, all indicative of a property requiring updating. The garden also appears unkempt. This factor will likely reduce its appeal to potential buyers, especially those looking for a move-in-ready home. The lack of precise square footage data makes a precise analysis more challenging. A buyer will need to factor in costs for refurbishment, which could significantly influence the overall value and justify the final purchase price.

The listing price of £155,000 seems acceptable within the context of the local housing market, taking into account the need for substantial renovation works. However, a buyer should carry out a detailed survey and make a comprehensive assessment of necessary improvements and their related costs before finalising a purchasing decision. Prospective buyers must factor in those costs before making a decision.

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

Images