Bridgfords says ..

Property Oracle says ..

This terraced property in Burnley, Lancashire is listed at £100,000. The property is situated on Camp Street in the Briercliffe area. While the location benefits from relatively close proximity to several schools (Compass Community School, Briercliffe Primary School, St James’ Lanehead Church of England Primary School, Sir John Thursby Community College, and Ridgewood Community High School), all within a 1.62km radius, and several train stations (Nelson, Brierfield, Burnley Central, Burnley Manchester Road, and Colne) within a 5.59km radius, the condition of the property itself requires significant attention.

The images reveal a property in need of substantial renovation. The interior shows considerable wear and tear, including damp patches, peeling wallpaper, and outdated fixtures. The kitchen and bathroom are particularly dated and require complete modernisation. The small rear yard is also cluttered and unkempt. Given the overall state of disrepair, a significant investment will be needed to bring the property up to a habitable standard.

The plot size is 613 sqft, which is relatively small. The property’s size of 530 sqft is considerably smaller than the average for the area (1087 sqft). Considering the average price per sqft in the area is £160, and the list price of this property is £100,000, the price seems relatively low, reflecting the significant renovation needed. However, nearby comparable properties on Camp Street sold for between £56,736 and £85,000, suggesting the listed price may be on the higher end, even considering the need for renovation.

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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