Firmin & Co says ..

Property Oracle says ..

This two-bedroom terraced house in Peterborough, located on Eastfield Road in the Park area, presents a mixed bag of opportunities and challenges for potential buyers. The property’s location is a clear advantage; its proximity to the city centre, schools (including The King’s School, an outstandingly rated institution), and Peterborough railway station provides excellent convenience and accessibility. The property also shows evidence of some recent renovations, most noticeably in the kitchen and a bathroom, indicating that some modernisation has been undertaken, although significant further work is clearly required. This is however contrasted by the somewhat tired condition of many of the remaining rooms and finishes, which will likely require extensive renovation and modernisation across the whole property. This includes the evident need for redecoration throughout and potential repair of several walls and floors. The small, somewhat unkempt, rear garden offers limited outdoor space. The lack of precise plot size measurements prevents a comprehensive assessment of the property’s land size and value. Given the required works, a comprehensive survey will be required to assess the true cost of this project. The listing price of £175,000 sits within the average range for comparable properties in the area, making it potentially a viable option for buyers willing to undertake extensive renovations. However, a precise evaluation of price per square foot would provide a firmer indication of the overall value considering local market benchmarks. This should be compared to other similar properties in the immediate vicinity that have been improved and fully refurbished, in order to fully understand the total cost of the renovation project. The absence of precise square footage details further restricts the ability to reach a complete assessment of the value for money offered by the property.

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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