Palmer & Partners says ..

Property Oracle says ..

This three-bedroom terraced house located on Phoenix Road, Bixley, Ipswich, presents a mixed bag of opportunities and challenges for potential buyers. The property’s location is a key strength. Its proximity to several schools, including a ‘Good’ rated primary school, is very attractive to families. Public transportation links, while not immediately adjacent, are within reach, offering reasonable access to Ipswich town centre and beyond.

However, the property’s condition is a significant factor that offsets these location benefits. The imagery reveals a property needing a substantial amount of renovation and modernisation. Walls and ceilings show significant damage, the kitchen and bathroom are dated and require complete replacement, and the general state of repair suggests the need for a substantial financial investment before the property is habitable. The size of the garden, while offering some outdoor space, does not appear particularly large.

The list price of £170,000 needs to be evaluated considering the extensive refurbishment required. The presence of comparable properties on Phoenix Road with varying price points further complicates the valuation. While some are listed at considerably higher prices, it is not clear if these properties are in similar condition. A thorough professional survey is recommended before making any purchasing decisions, to accurately assess the cost of the necessary renovation works. This would be essential to determine the overall financial viability of the purchase.

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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