McHugh & Co says ..

Property Oracle says ..

This property is a 3-bedroom end of terrace house located in Bransholme, Hull, currently listed at £30,000. The average price for properties in the area is significantly higher, at £137,937, with an average price per square foot of £154. This property has a plot size of 0 sqft and is 957.99 sqft.

The property is in need of significant renovation. The images show extensive damage and outdated fixtures and fittings throughout. Walls are damaged, wallpaper is peeling, and flooring is worn. The kitchen and bathroom require complete refurbishment. The exterior also appears to be in need of some repair and maintenance. Given the condition, a substantial investment will be required to bring it up to a habitable standard.

While the property benefits from being close to several schools with good Ofsted ratings (Bude Park Primary School, Northcott School, Sutton Park Primary School, and St Mary Queen Of Martyrs Vc Academy), the lack of plot size is a significant drawback. The proximity to transport links (Hull and Cottingham train stations) is a positive factor, but the overall condition of the property heavily outweighs these advantages.

Considering the significant renovation needed, the extremely low list price of £30,000 compared to the average house price in the area, and the lack of land, the price could be considered reasonable for a buyer willing to undertake a full refurbishment. However, the costs associated with the renovations must be carefully considered before purchasing. The property may be attractive to investors or buyers seeking a project, but it is not suitable for immediate occupancy without extensive work.

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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