Hamilton Smith says ..

Property Oracle says ..

This one-bedroom property located on Sheldrake Drive in Ipswich, Suffolk, presents a mixed bag of opportunities and challenges for potential buyers. The property’s location is a definite advantage, with several primary schools and a secondary academy within a reasonable distance. The proximity to Ipswich town centre and the train station adds to its appeal. The presence of a garden and shed provides additional outdoor space. However, the property’s condition is a significant factor to consider. The photographs show interior spaces in need of considerable modernisation. The wallpaper, flooring, and fixtures are outdated, requiring substantial renovation work before the property is habitable. While the list price of £110,000 appears competitive compared to other properties in the area, prospective buyers must factor in the cost of the necessary renovations. The lack of square footage information prevents a precise assessment of price per square foot, but based on comparable sales in the area, the price appears within the reasonable range for a property requiring significant refurbishment. Overall, this property represents a potential investment opportunity for buyers with the resources and inclination to undertake a renovation project. The location and land are its strongest assets, while the condition is its most significant drawback.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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