Auction House says ..

Property Oracle says ..

The property at 40 Victoria Street, Norwich is a semi-detached house with a plot size of 1,249 sqft and a total area of 1,142 sqft. The list price is £300,000. The property is located in the Town Close area of Norwich, close to several schools including The Free School Norwich (rated ‘Good’), and Sir Isaac Newton Sixth Form Free School (rated ‘Outstanding’). Norwich train station is approximately 1.98km away. This suggests a reasonably convenient location for families and commuters. However, more detailed information on the immediate vicinity (e.g., presence of shops, amenities) would be needed for a complete assessment of the location score. Based on the provided images, the property appears to be in need of significant renovation. The interior shows signs of disrepair, including damaged walls, outdated fixtures, and general wear and tear. The exterior also shows signs of neglect. The garden is small and overgrown. This strongly suggests a low condition score. The property includes a small garden area, though it requires significant maintenance. The size of the garden is relatively small compared to the average property in the area. Considering the list price of £300,000, the average price in the area is £328,387 and the average price per sqft is £362. This property, at 1,142 sqft, would be expected to sell for approximately £413,724 based on the average price per sqft (£362 x 1142 sqft). However, given its condition and the need for extensive renovation, the list price of £300,000 might be considered reasonable, although further investigation into the extent and cost of necessary repairs is essential for a definitive assessment. The price per sqft is lower than the average, which could indicate good value, but this is heavily offset by the required renovations.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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