Bond Wolfe says ..

Property Oracle says ..

This property at 5 & 5a Selborne Street, Walsall, is a two-bedroom terraced house currently listed for £99,000 at a public auction. The listing indicates it’s a vacant freehold property converted into two bedsits. The provided photographs paint a concerning picture. The property is in a state of significant disrepair; water damage is visible in the kitchen and bathroom areas, with significant damage to ceilings and floors. The walls show signs of damage, and overall, the interior requires a substantial amount of renovation before it would be considered habitable. The exterior, while showing a standard terraced house structure, also appears in need of some repairs. The lack of a garden is a noteworthy limitation. The location has some positive aspects, with several schools within a reasonable distance. Walsall town centre is likely accessible, although detailed information about its proximity is missing. Transport links to Walsall train station are available, though the distance might not be within easy walking range for everyone. The price of £99,000, while potentially reasonable when compared with other nearby properties (although complete square footage data is not present for those comparisons), needs careful consideration given the extensive costs associated with the required renovation. Overall, this property is a high-risk, high-reward investment suitable for experienced property developers or investors comfortable with large-scale renovation projects.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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