Barrow & Cook says ..

Property Oracle says ..

This 3-bedroom terraced house on Horace Street in St Helens, Merseyside is presented as a property in need of complete renovation. The listing highlights its location near schools, shops, and a park, making it potentially appealing to families or those seeking proximity to amenities. However, the photographic evidence shows severe damage throughout the property, including significant ceiling collapse, floor damage, dampness, and general deterioration. The property has a stated size of 780 sqft. The lack of garden space is another significant disadvantage. The list price of £115,000 is low given the condition, however, any potential buyer would need to account for extensive and costly renovation work, before the property becomes habitable. Nearby property prices show considerable variation, with some listed considerably higher. Therefore, while the initial price may seem low, the true cost of ownership would be significantly higher due to the extensive restoration required. The absence of precise square footage for comparable properties makes it impossible to comment on the cost per square foot relative to the local market. In conclusion, this property presents a considerable risk and investment for those with skills and resources to conduct substantial renovations.

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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