Reeds Rains says ..

Property Oracle says ..

This one-bedroom terraced house in Liverpool, Merseyside, L4, presents a mixed investment proposition. The property’s location offers some advantages, being close to several schools, most notably St Francis De Sales Catholic Infant And Nursery School and St Francis De Sales Catholic Junior School, both with ‘Outstanding’ Ofsted ratings. Furthermore, its proximity to several Merseyrail stations provides good transport links. However, the property’s condition is a major concern. The photographs clearly show significant damage and require extensive repair and modernisation, including addressing what appears to be significant damp issues, updating the kitchen and bathroom, and general refurbishment. While the list price of £65,000 might seem competitive compared to some nearby properties, prospective buyers must factor in substantial renovation costs, potentially impacting the overall return on investment. The small rear yard offers limited outdoor space. The absence of specific square footage details prevents a comprehensive analysis of value per square foot. Overall, a thorough survey and detailed cost estimate for renovations are crucial before making any purchasing decision. The property would likely be of interest to investors or cash buyers willing to undertake significant renovations. A first-time buyer with limited budget would likely need to borrow a large sum to bring the property up to standard. The lack of details on the square footage of the property is another point that should be clarified before deciding on a purchase.

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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