Teal Space says ..

Property Oracle says ..

This three-bedroom terraced house on Ayresome Street in Middlesbrough offers a potential investment opportunity, but requires careful consideration. The property’s location presents several positives. It is conveniently close to schools, including Ayresome Primary School and Sacred Heart Primary School, both of which are within easy walking distance. The proximity to Middlesbrough town centre also offers access to transport links, shops, and amenities.

However, the property’s condition needs improvement. The interior photographs show a need for modernisation and renovation, most notably in the kitchen and bathrooms. There are also signs of potential damp or water damage that require investigation. The outdated decor and worn fixtures will require significant investment to update the property to modern standards.

The complete absence of a garden is a notable drawback for many buyers. This lack of outdoor space is a common feature of terraced properties in this area, but would impact the appeal to families.

In terms of price, the asking price sits within the range of other similar properties in the area. While not a bargain, it represents a competitive price point given its size. However, potential buyers should budget for substantial renovation costs, which should factor into the overall assessment of value. A full survey and inspection are essential before purchasing to assess the full extent of repair costs associated with addressing any damp issues and modernising the property.

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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