Collier Estates says ..

Property Oracle says ..

The property is a two-bedroom terraced house located on Kimberley Street in Hartlepool, County Durham. The list price is £40,000. The property appears to be in need of some modernisation and updating. Whilst the structure seems sound, the interior requires work. The walls and floors are largely bare, and the bathroom and kitchen fittings appear dated and require replacement. There is no evidence of significant damage, but a fresh coat of paint and new flooring throughout would greatly improve the property’s presentation. The location is within reasonable proximity to several schools, including Eldon Grove Academy (rated ‘Good’ by Ofsted) and other primary schools. Hartlepool train station is also relatively close, providing access to public transportation. However, the surrounding area’s average house prices are significantly higher than the list price of this property, suggesting it may be undervalued, or that there are factors negatively impacting its value. Further investigation into the local market and the specific condition of the property would be needed to confirm this. The plot size is not specified. The images do not show a garden, but this cannot be definitively confirmed without further information. Given the list price of £40,000 and the average house price in the area of £117,633, this property appears to be significantly underpriced. However, the need for modernisation and the lack of information regarding the plot size and overall condition must be considered. The nearby comparable properties have a wide range of prices, from £24,000 to £71,500, which further complicates the price analysis. A professional valuation would be recommended to determine a fair market value.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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