Duckworths Estate Agents says ..

Property Oracle says ..

The property is a 2-bedroom terraced house located on Meadow Street in Great Harwood, Lancashire. It’s listed at £75,000 and has a total area of 634 sqft, situated on a plot of 824.90 sqft.

The property’s location is reasonably convenient, with several primary schools within a short distance, including Great Harwood St John’s Church of England Primary School (rated ‘Good’ by Ofsted) and Great Harwood Primary School (also rated ‘Good’). Several train stations are also within a reasonable commuting distance. However, the surrounding area’s average house price (£211,715) significantly exceeds the listing price of this property, suggesting a potentially lower-than-average location desirability.

Based on the provided images, the property appears to be in need of some modernisation and updating. The kitchen and some walls show signs of wear and tear, and the overall aesthetic suggests a need for refurbishment. The bathroom, while functional, also appears dated. This suggests a lower-than-average condition score.

The property includes a small yard, which while not extensive, provides some outdoor space.

Considering the property’s condition, the relatively small size (634 sqft), and its location compared to the average house price in the area (£211,715), the asking price of £75,000 seems relatively low. However, the need for renovation will likely impact the perceived value for most buyers. The average price per sqft in the area is £202, while this property is listed at a significantly lower price per sqft. This low price per sqft may be justified by the need for renovation, but it also makes the property attractive to buyers willing to undertake renovation work.

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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