KJT Residential says ..

Property Oracle says ..

This five-bedroom property situated on St. James Street, Tredworth, Gloucester, is currently listed for £230,000. The property is described as an older-style semi-detached house, currently operating as a multi-occupancy dwelling (HMO). The available photos reveal a property that needs some renovation and modernisation. The rooms are cluttered, and there’s evidence of wear and tear. The kitchen and bathrooms, while functional, show their age and require updates. The outdoor space is limited to a small yard or patio area.

The location presents a mixed bag. While the proximity to Gloucester city centre and the presence of several schools nearby are positive aspects, the area of Tredworth itself is not universally perceived as a highly desirable location, meaning buyer interest could be varied.

The lack of square footage data makes a detailed price per square foot analysis impossible. However, comparison with similar properties in the area suggests the asking price is within the general range. For investors seeking a renovation project with HMO potential, the price might be considered reasonable, considering the potential rental income. For buyers wanting a move-in ready home, the current state of the property and potential renovation costs would need to be factored into a fair market valuation. Overall, it’s a property that appeals more to those seeking a renovation project, whether for personal use or as an investment opportunity, rather than a buyer looking for a turn-key property. The key advantage is the potential of the five bedrooms given the number of bedrooms in nearby listings. However, this could also be a disadvantage to someone seeking a family home.

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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