Black Hay Solicitors & Estate Agents says ..

Property Oracle says ..

The property is a 2-bedroom house located in Kilmarnock, East Ayrshire. The listing price is £155,000, and the property has a total area of 721 sqft. The average house price in the area is significantly higher at £362,778, with an average price per sqft of £282. This suggests that the property is priced considerably lower than the average for the area.

The property appears to be in need of significant renovation. The interior photos show worn carpets, damaged walls, and outdated fixtures and fittings. The exterior also shows signs of disrepair. The lack of bathrooms is also a significant factor.

The property benefits from a large plot of land, including an outbuilding. This is a positive aspect, particularly given the rural location. The land provides potential for future development or expansion.

The location is rural, offering peace and quiet but it is also some distance from Kilmarnock town centre. The proximity to the railway stations at Kilmaurs and Kilmarnock could be considered a positive aspect for commuters. However, the lack of nearby schools might be a drawback for families.

Considering the condition of the property, its rural location, the substantial land included, and the significant difference between its list price and the average price per sqft in the area, the property presents a potentially good investment opportunity for someone willing to undertake a substantial renovation project. The low price per sqft reflects the need for extensive work, but the large plot and potential for development could offset this.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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