James Agent says ..

Property Oracle says ..

This two-bedroom, one-bathroom property located in Greenlaw, Scottish Borders, presents a unique opportunity for buyers willing to undertake a renovation project. The property’s key selling point is its substantial garden, providing ample outdoor space. The interior, however, reveals outdated fixtures, fittings and some evidence of minor damage to walls and ceilings in various rooms. Wallpaper and carpets are heavily worn, contributing to an overall dated aesthetic. The kitchen and bathroom, in particular, are in need of complete modernization. The current condition of the property significantly impacts its immediate livability.

The listing price of £55,000 should be considered in light of the substantial renovation costs that will be required. While the lack of detailed comparable local pricing data makes accurate comparison difficult, the list price appears somewhat reasonable compared to those of nearby caravans and mobile homes. The presence of a significant garden likely adds value to the property, offsetting some of the costs associated with its condition. A potential buyer should carefully weigh the upfront costs of renovation against the long-term value and potential for equity growth.

Ultimately, this property is best suited for a buyer with experience in property renovation or those who are comfortable undertaking a significant refurbishment project. While offering an appealing plot of land, the extent of the necessary work should not be underestimated.

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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