David Bailes says ..

Property Oracle says ..

The property located on Palmer Street, South Moor, Stanley, Durham is a terraced house listed at £25,000. The property requires extensive renovation. The images reveal significant damage and the need for complete modernisation throughout. The small plot size of 86.80 sqft is a limiting factor. While the location benefits from proximity to several schools with good Ofsted ratings (Oxhill Nursery School, South Stanley Infant and Nursery School, Greenland Community Primary School), the lack of information regarding transportation links makes it difficult to fully assess the location score. The average house price in the area is significantly higher (£102,805), suggesting this property is priced considerably below market value. However, this is likely due to its extremely poor condition. The presence of a garage is a positive attribute. Given the extensive renovations needed, the property’s condition is very poor. The property is in need of significant work throughout. The current state of the property is reflected in the list price. The list price of £25,000 is significantly below the average price for the area, reflecting the substantial costs associated with bringing the property up to a habitable standard.

Therefore, we give this property 2 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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