William H. Brown says ..

Property Oracle says ..

This three-bedroom terraced house in Hartlepool, County Durham, is listed for sale by auction at £58,000. The property’s location in Victoria, Hartlepool offers proximity to several primary schools, with Sacred Heart Catholic Primary School, Lynnfield Primary School, and Jesmond Gardens Primary School being within a reasonable distance. Train stations are also relatively close by. However, concrete information on the quality of the immediate neighbourhood is lacking.

The property’s condition, as evidenced by the photographs, needs significant improvements. The interior shows noticeable wear and tear, requiring repairs and renovations. The walls exhibit damage in several areas and the overall condition suggests the property isn’t in move-in ready condition. Significant investment will be needed to bring it to a desirable standard. The bathroom, in particular, appears dated and needs upgrading.

Information on the plot size is unavailable, therefore, the extent of garden space is uncertain. It is likely limited or non-existent.

While the price may seem appealing at first glance, the auction format introduces uncertainty. While the price might be relatively lower compared to some similar properties in the vicinity, buyers should budget for extensive renovation costs. Considering the condition and the lack of plot size details, the £58,000 asking price, while potentially reasonable within the context of Hartlepool’s market and considering it is an auction, is not exceptional value. The final sale price will likely depend on auction dynamics. Potential buyers need to factor in significant renovation costs as well as potential auction-related fees.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images