Loveitts says ..

Property Oracle says ..

The property is located in Whitestone, Nuneaton, Warwickshire. It is a five-bedroom, three-bathroom semi-detached house currently undergoing significant renovation. The images show the property is in the midst of a substantial building project, with much of the interior stripped back and significant external works underway. The property benefits from a rear garden, though it is currently also under construction.

The location is positive, with nearby primary and secondary schools rated ‘Good’ or ‘Outstanding’ by Ofsted. Several train stations are within a reasonable commuting distance, offering good transport links. The average house price on Gipsy Lane is significantly higher than the listed price of this property, suggesting potential for future value. However, the current state of the property significantly impacts its immediate value.

Given the extensive renovation work required, the condition of the property is very poor. The interior is largely unfinished, with exposed wiring, plumbing, and building materials strewn throughout. The external works also appear incomplete. A significant investment will be needed to complete the renovation to a habitable standard.

The property has a rear garden, although it is currently largely undeveloped and in a state of disrepair. Once the renovation is complete, it has the potential to be a pleasant outdoor space.

Considering the current state of the property, the list price appears relatively low compared to the average house price for Gipsy Lane. However, this must be balanced against the substantial costs required to complete the renovation. The final value will depend heavily on the quality of the finished renovation and the prevailing market conditions at the time of completion. The lack of square footage data prevents a precise price-per-square-foot comparison.

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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