Hollis Morgan Auctions says ..

Property Oracle says ..

The property is a semi-detached house located on Two Mile Hill Road in Kingswood, Bristol. It’s a mixed-use property currently operating as a commercial space at street level and appears to have residential accommodation above. The property is being sold at auction through Hollis Morgan Auctions.

The property requires significant renovation. The interior photos show extensive damage and wear, including exposed walls, damaged flooring, and outdated fixtures. The property also has a small rear garden area, which is overgrown and in need of attention. The external appearance is also tired and needs work.

The location is reasonably good. It is within close proximity to several primary and secondary schools, all with good Ofsted ratings. Public transportation links are also relatively close by, with several train stations within a reasonable distance.

Given the extensive renovations required, the small plot size, and the average price per square foot in the area, the list price of £150,000 may seem reasonable. However, the need for substantial investment to bring the property up to a habitable standard must be considered. Comparable properties in the area are significantly higher in price, suggesting that this property is priced lower due to its condition. Further analysis is needed to determine if the list price is reflective of the property’s potential value after renovation.

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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