Hammer Price Homes Ltd says ..

Property Oracle says ..

The property is located in Malpas, Newport, South Wales. It’s a semi-detached house with three bedrooms and one bathroom, and a total area of 744.07 sqft. The plot size is 793.60 sqft.

The property requires extensive renovation. The interior images show significant damage and deterioration, including damaged walls, floors, and ceilings. The kitchen and bathroom are outdated and in poor condition. The property needs a complete refurbishment before it becomes habitable.

The property benefits from a garden, although it appears to be overgrown and requires attention. The size of the garden is relatively modest.

Considering the average house price in the area is £400,449 and the average price per sqft is £354, the list price of £96,000 for this property is significantly lower. However, this is due to the property’s extremely poor condition. A buyer would need to factor in substantial renovation costs, which could easily exceed the purchase price. Therefore, while the price appears low compared to the average, it accurately reflects the condition and the required investment. The nearby properties for sale on Graig Park Hill are priced considerably higher but this is due to them being in a better state of repair.

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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