Burchell Edwards says ..
MID TERRACE !!!!! TWO BEDROOMS !!!! TWO RECEPTIONS !!!! SOLD WITH TENANT IN SITU !!!!!! We at Burchell Edwards are delighted to offer to the market this mid terrace home which is being sold with a tenant in situ and is ready for a new investor.
Property Oracle says ..
This two-bedroom terraced house in Ilkeston, Derbyshire, presents a unique investment opportunity. Located on Manners Road in Little Hallam, the property benefits from relatively close proximity to schools with good Ofsted ratings and a railway station. However, the property’s current condition is a significant drawback. The interior photographs reveal clutter, uncleanliness, and visible signs of damage, suggesting substantial renovation is necessary. Furthermore, the garden, though present, is significantly overgrown and neglected. The property is marketed as being sold with a sitting tenant. This indicates it is likely appealing to buy-to-let investors. Compared to other properties on Manners Road, which command significantly higher prices, the listed price of £70,000 may seem relatively reasonable, given the condition and size, but a detailed comparative market analysis is difficult given the lack of square footage data for comparable nearby properties. Prospective buyers must carefully assess the extent and cost of renovations before making an offer. The property’s potential value after renovation should be a key factor in the decision making process.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 3
- Location
- 4
- Land
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 800.00
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Agent Activity
Burchell Edwards created the listing.