Michael Poole says ..

Property Oracle says ..

This three-bedroom terraced house located on Tebay Close in Ormesby, Redcar and Cleveland, is presented as an investment opportunity. The property’s location is a positive aspect, with its proximity to well-regarded primary schools, such as Saint Gabriel’s Catholic Primary School and Pennyman Primary Academy, making it an appealing option for families. The area also has convenient access to railway stations, adding to its attractiveness for commuters.

However, the property’s condition appears to require modernisation and renovation. The images reveal outdated features in the kitchen and bathroom, and the existing flooring and carpeting could benefit from an upgrade. The small, gravelled garden provides basic outdoor space, but it lacks the size or features to increase value.

The list price of £70,000 appears competitive when compared to other nearby terraced houses. However, the need for renovations should be factored into any potential buyer’s valuation and considerations. Overall, the property presents a potential opportunity for buyers willing to undertake refurbishment works, but it is important to consider all aspects before making a purchasing decision. The absence of accurate square footage data also hinders a comprehensive analysis of the price per square foot.

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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