Berkeley Shaw Estate Agents says ..

Property Oracle says ..

This five-bedroom, two-bathroom property located on Waterloo Road in Waterloo, Liverpool, presents a unique opportunity for a buyer willing to undertake a substantial renovation project. The property’s considerable size, 2771.38 sqft, is immediately noticeable. However, the photographs reveal a property that is currently in a state of disrepair, requiring extensive work to bring it up to a habitable standard. The exterior of the property appears structurally sound, maintaining the Victorian architecture typical of the area, but the interior shows significant damage to plasterwork, flooring, and outdated fixtures and fittings throughout. The kitchen and bathrooms are particularly dated and require complete replacement or major renovation. The small, overgrown garden provides some outside space, though would require considerable landscaping to be of any real use. The property is situated close to Waterloo train station, giving direct access to Liverpool City Centre. Also, a few good primary schools are within walking distance, making it a possible family home, though the extensive work required will undoubtedly have to be considered. In terms of pricing, the £350,000 asking price needs to be carefully evaluated against the cost of the necessary renovations, and the local property market which, based on nearby listings, seems less expensive considering the scale of work required. A buyer needs to be prepared to factor in extensive and potentially costly renovation and restoration. In the current economic environment, the buyer must perform an extensive due diligence before entering any purchase agreement. A thorough survey is essential to assess the true condition and potential costs involved before making any purchase decision. This property’s appeal is mostly directed to investors or buyers who possess experience and financial resources required for complete refurbishment and possess a tolerance for significant upfront investment.

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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