Hollis Morgan Auctions says ..

Property Oracle says ..

The property is a three-bedroom terraced house located in Lawrence Hill, Bristol. It is in need of significant modernisation and renovation. The property has a small garden. Given the condition of the property, it requires a substantial amount of work. The interior images show dated and worn finishes throughout, including carpets, walls, and fixtures. The bathroom and kitchen are also in poor condition and will require complete refurbishment. This will add considerable cost to the overall purchase price. The location is close to Stapleton Road and Lawrence Hill train stations, providing convenient access to public transportation. There are also several schools within a reasonable distance, including Bannerman Road Community Academy and The City Academy Bristol. However, the area also appears to have some challenges, as evidenced by the overall condition of some of the neighboring properties. The list price of £180,000 is significantly lower than the average house price in the area (£292,038). However, this is likely due to the property’s condition. While the price per square foot is lower than the average (£421.00), the required renovations will likely increase the overall cost substantially. The lack of plot size information for comparable properties makes a definitive price comparison challenging. A thorough survey and cost estimate for renovations are essential before making an offer. Considering the property’s condition, the small garden, and the location’s proximity to transportation and schools, while acknowledging the need for significant renovation, the list price may represent a reasonable investment opportunity for a buyer willing to undertake a full refurbishment. However, potential buyers should carefully consider the associated costs and risks before committing to a purchase.

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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