Cullen Kilshaw says ..

Property Oracle says ..

This one-bedroom ground floor flat in Galashiels, Scottish Borders, presents itself as a significant fixer-upper project. The property is listed at £40,000 and, while needing extensive modernisation and repair, could represent reasonable value for money for an investor or a buyer willing to undertake renovation work. The current condition of the flat is far from move-in ready; all the images show clear signs of significant wear and tear throughout. The walls exhibit damage, the floors are worn and bare, and the fixtures and fittings appear outdated. The kitchen and bathroom require total refurbishment. Despite requiring considerable investment, the property’s location in Galashiels offers access to rail transport via the nearby Galashiels station. However, the lack of data regarding nearby schools and amenities does affect the property’s value to families. The small, unkempt garden area is not a significant feature. The lack of precise square footage data for comparable properties in the area makes a precise assessment of the property’s value challenging. Buyers should thoroughly factor in the cost of renovations before making an offer. Potential buyers would need to assess whether the investment in refurbishment would ultimately yield a positive return or provide suitable accommodation.

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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