The list price of £150,000 appears reasonable considering similar properties in the area, however the significant level of required renovation work and the absence of modern amenities, such as bathrooms, suggests that a lower asking price might be warranted. The cost of renovating will dramatically affect the overall value proposition of the property.

The provided photographs reveal the property to be in significant need of renovation and repair. Many rooms appear unfinished, with exposed utilities and damaged walls. The bathrooms and kitchen are outdated and require complete modernisation. The overall state suggests substantial work is needed to bring the property up to a habitable standard.

The property is situated in Morecambe, a seaside town in Lancashire. Its location on Albert Road places it close to the promenade and benefits from proximity to the town centre, offering easy access to shops, amenities, and transportation. The presence of nearby schools, including some with ‘Good’ Ofsted ratings, further enhances the location’s appeal for families. Train stations are within reasonable distance, providing connections to other parts of the UK. However, Morecambe’s overall economic situation may limit the location score.

While the property may have a small yard or outdoor area, based on the limited information and images available, the land is minimal and doesn’t add significant value.