Goldings says ..

Property Oracle says ..

This 1-bedroom, 1-bathroom flat at 28 Matson Road, Ipswich, is currently listed for sale by auction. The listing clearly states that the property requires full refurbishment. This is evident from the accompanying photographs, which depict significant damage and wear throughout the interior. Walls are marred by peeling paint and plaster, while flooring needs complete replacement. The kitchen and bathroom appear outdated and dilapidated, and the general state of the property suggests a need for extensive repair work. It is a small property of approximately 338 sqft. The property’s location in Westgate is reasonable, offering proximity to some schools and Ipswich railway station. However, details regarding the plot size are unavailable. The list price of £50,000 is undoubtedly low, reflecting the considerable renovation costs a prospective buyer would likely face. This makes the property potentially appealing to buyers interested in a renovation project or investors with experience in property refurbishment. It’s crucial to factor in all potential costs—materials, labor, and professional services— before making an offer. A thorough survey is essential to gain an accurate assessment of the work required and potentially uncover any hidden problems or structural issues. Potential buyers should approach this property with a keen eye for detail and a realistic budget that accounts for the extensive rehabilitation required.

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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