Frank Wyles and Co says ..

Property Oracle says ..

The property is a 2-bedroom apartment with a list price of £75,000. The apartment is situated in Lytham St Annes, Lancashire. This area benefits from relatively close proximity to several primary and secondary schools, all within a 2km radius. The Ofsted ratings for the nearby schools are mostly good, with one outstanding rating. Transport links appear adequate, with several train stations within a reasonable distance. The images suggest the property may require some modernisation. The kitchen and bathroom appear dated, and the décor throughout suggests a need for updating. There is evidence of some exterior work being undertaken (scaffolding visible in the exterior image). The property has a small front garden area. Considering the average price per square foot in the area is £312, and this property is listed at £75,000 for 426.8 square feet, this represents a price per square foot significantly below the average. However, the condition of the property needs to be considered. The need for modernisation would likely impact the perceived value. The relatively small plot size is also a factor to consider. Given the property’s apparent need for modernisation, the relatively small size, and the smaller than average plot size, the list price of £75,000 may represent reasonable value for money for a buyer willing to undertake renovations. However, the final value will depend on the extent of the required work and the buyer’s personal preferences.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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