Property ‘value’ does not exist on type ‘Readonly’

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The Component is defined like so:

interface Component<P = {}, S = {}> extends ComponentLifecycle<P, S> { }

Meaning that the default type for the state (and props) is: {}.
If you want your component to have value in the state then you need to define it like this:

class App extends React.Component<{}, { value: string }> {
    ...
}

Or:

type MyProps = { ... };
type MyState = { value: string };
class App extends React.Component<MyProps, MyState> {
    ...
}

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