John Goodwin FRICS says ..

Property Oracle says ..

This four-bedroom property located on Belmont Road in Malvern, Worcestershire is presented for sale at £200,000. The property’s age is apparent, showing features consistent with older properties in the area. The photos clearly indicate that the property is in need of significant refurbishment throughout. The kitchen and bathroom are particularly outdated. Interior finishes, such as flooring and wall coverings, are worn and dated, requiring complete replacement. The garden, while present, is currently overgrown. The presence of a garage and off-street parking are positive aspects. The property’s location is a strength, with Malvern being a desirable residential area offering access to local amenities and schools. However, the significant renovation needed will undoubtedly impact the perceived value for a potential buyer. Buyers should factor in considerable refurbishment costs when considering their offer. While the asking price might initially seem appealing, the extent of work needed means the final cost could be substantially higher. Overall, potential buyers must weigh the desirability of the location against the cost and effort of a full renovation to assess the true value of this property. This property presents an opportunity for a buyer willing to undertake significant renovation work and who values the location of 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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