Leonards says ..

Property Oracle says ..

The property is a 3-bedroom, 2-bathroom terraced house listed at £65,000. The location in Newington & Gipsyville, Hull, places it relatively close to several primary schools (within approximately 0.5 to 1.14km), including Wheeler Primary School and St George’s Primary School, both rated ‘Good’ by Ofsted. Public transportation options, including train stations, are within a reasonable distance, although the exact commute times aren’t specified. The proximity to amenities is not explicitly detailed, requiring further investigation to ascertain the convenience of local shops and other services. The property appears to be in need of significant renovation. The provided images show considerable wear and tear, including damaged walls, outdated fixtures, and general disrepair. This suggests substantial costs will be associated with bringing the property up to a habitable standard. There is no information regarding the presence of a garden or outside space. Considering the list price of £65,000, it is significantly below the average house price in the area (£125,114). However, the average price per square foot (£152) cannot be used to assess value without the property’s square footage. The low list price is likely a reflection of the property’s condition and the extensive renovation required. Nearby comparable properties on Alliance Avenue are listed significantly higher, ranging from £115,000 to £125,000. This suggests that the £65,000 list price may represent good value for money for a buyer willing to undertake a substantial refurbishment project. However, the lack of square footage data prevents a precise assessment of value per square foot.

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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