Eric Clarke says ..

Property Oracle says ..

The property is a three-bedroom, two-bathroom terraced house located in Great Lever, Bolton. The list price is £160,000. The property is in need of significant renovation. The interior photos show considerable damage and deterioration, including damaged walls, ceilings, and flooring. The property requires extensive repairs and modernisation throughout. While the exterior shows some character, the overall condition significantly detracts from its value. The property has a small yard, but it is not a substantial garden. The size of the yard is limited by the surrounding buildings. Considering the average house price in the area is £385,295 and the average price per square foot is £392, the list price of £160,000 for this property seems low. However, this is significantly impacted by the property’s extremely poor condition. The need for extensive renovation work will likely offset the relatively low list price. Nearby comparable properties, while limited in data provided, also appear to support this price point, given their condition. The lack of plot size data for nearby properties makes direct comparisons difficult. More information on nearby comparable properties in similar condition would be needed for a more definitive price assessment. Given the location near schools and transport links, the location score would be relatively high if the property were in good condition. However, the current state of disrepair significantly lowers the overall desirability and value.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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