Marshalls Estate Agents says ..

Property Oracle says ..

This one-bedroom terraced property located on Adelaide Street in Penzance, Cornwall, is currently undergoing a comprehensive renovation. The photographs show the interior under construction, revealing exposed walls, new timber framing, and building materials throughout. The exterior, while displaying some wear, suggests a traditional Cornish stone structure. The property benefits from a small rear garden which looks somewhat overgrown, but provides some private outdoor space. The location in Penzance offers a variety of amenities and is reasonably close to schools, train station and the town centre. However, without knowing the property’s square footage, it is difficult to ascertain the exact value for money. A comparison with other properties on Adelaide Street indicates that similar properties are listed significantly higher, suggesting that the property price is considerably low when considering the current state of repair. The lack of bathrooms needs attention. The price might be attractive to a buyer willing to undertake the necessary work. However, the considerable renovation costs involved significantly impact the overall value proposition, and it is not immediately clear if this is good value. Potential buyers should carefully consider their budget and the associated renovation expenses. Given that a higher offer has already been received, the true market value could indeed be higher.

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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