Farrell Heyworth says ..

Property Oracle says ..

This property, a former Methodist Church located on Chapel Street in Dalton-in-Furness, Cumbria, is currently listed for sale at £250,000. The listing highlights that planning permission has been granted for conversion into five apartments.

The property’s location is advantageous, offering proximity to several well-regarded schools (Chapel Street Infants, George Romney Junior, and Dowdales School) and a train station. The town itself has a range of local shops and amenities. The town also has the potential of drawing in investors and home owners. However, potential buyers should be aware that Dalton-in-Furness is a small town and this may affect its desirability.

The photos reveal the property is in a state of considerable disrepair and requires extensive renovation. The interior is filled with demolition materials, suggesting a significant undertaking is required before it becomes habitable. The extent of any necessary structural work is unclear from the provided images.

The lack of information on the square footage and plot size prevents a precise assessment of the price per square foot and overall value. However, there is surrounding land. The listed price of £250,000 appears relatively high considering the considerable work required, and the prices of neighbouring properties. The planning permission for five apartments may justify the higher price for the right buyer; however, this is a risk given the necessary costs of development and the uncertainties of the market. Potential buyers should thoroughly assess the likely costs of conversion, including labour, materials, and professional fees, before making an offer.

Overall, this property presents a high-risk, high-reward proposition. The potential for significant profit exists, but only with considerable investment and a successful conversion. It is primarily suited to experienced developers or investors with expertise in property renovation and conversion.

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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