Barrow & Cook says ..

Property Oracle says ..

The property is a three-bedroom terraced house located on Elm Road in St Helens, Merseyside. The list price is £89,950. Considering the images provided, the property is in need of significant renovation. Walls show damp and cracking, and the interior requires complete modernisation. The kitchen and bathroom are outdated and in poor condition. The garden is overgrown and neglected. This suggests a low condition score. The location appears to be reasonably convenient, with several primary schools within a kilometre and train stations within walking or a short drive distance. However, without more specific details about the immediate neighbourhood, it is difficult to give a definitive assessment of the location’s desirability. The property includes a small, overgrown rear garden. While present, the garden’s condition significantly detracts from its value. Given the average house price in the area is £159,375 and the average price per square foot is £184, and considering the property’s poor condition and need for extensive renovation, the list price of £89,950 may appear initially attractive. However, the substantial costs associated with bringing the property up to a habitable standard must be factored in. The price may be reasonable for a buyer who is willing to undertake a full refurbishment, but it is not a good value for money for someone looking for a move-in ready home. Nearby comparable properties on Elm Road have sold for between £63,000 and £130,000, suggesting a range of possible values depending on condition. Based on the provided information, the property is a fixer-upper in a reasonably convenient location. The price reflects the need for extensive renovation. The property would be suitable for a buyer with renovation experience or a property developer.

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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