Belvoir Sales says ..
An excellent opportunity to purchase a former nursery, which is suited to a variety of uses, subject to obtaining the necessary planning consents.The property, was originally 3 individual dwellings and has now been converted into one spacious property on 2 seperate title deeds. It would...
Property Oracle says ..
This property on Romney Street, Nelson, Lancashire is a substantial building, formerly a nursery, listed for £350,000. The property is described as having been originally three individual dwellings converted into one large property. Currently it has no bedrooms or bathrooms, making the price a considerable financial commitment. The images suggest that although the interior has undergone repainting with a neutral palette, it requires substantial conversion to become a functional family home. The property has a small garden and is located relatively close to Nelson train station and several well-rated primary schools. Potential buyers must consider the substantial renovation costs and the uncertainty surrounding planning permissions required to achieve a suitable conversion. A detailed survey and planning application cost analysis are highly recommended before proceeding. The property may well be a suitable option for developers, rather than simply residential purchase. The value of the property is dependent on its redevelopment potential. Nearby comparable properties are significantly lower in price, but they are also significantly smaller. Therefore, the true value is uncertain until further information is obtained. The absence of key data, like the plot size and type of property, creates some uncertainty. While the location offers good access to amenities and transport, the lack of key residential features and the significant work required mean that the asking price needs to be carefully weighed against the potential return on investment.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 4
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 2,507.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 251,630.00 £Decreased by 1.71 %
- Est sale value
- 579,117.00 £Decreased by 56.74 %
- Average area rental value
- 755.00 £/moDecreased by 81.50 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 3.60 %Decreased by 81.18 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
Belvoir Sales created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Nelson St Paul'S Church Of England Primary School | Voluntary Aided School | Good | 0.15 KM |
| Marsden Community Primary School | Community School | Good | 0.25 KM |
| St John Southworth Roman Catholic Primary School, Nelson | Voluntary Aided School | Good | 0.51 KM |
| Mcmillan Nursery School | Local Authority Nursery School | Requires improvement | 0.56 KM |
| Edenfield Girls' High School | Other Independent School | Good | 0.67 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Bentley Street | £ 0 | 0 | 0.00 KM |
| Napier Street | £ 109,950 | 0 | 0.00 KM |
| Princess Street | £ 0 | 0 | 0.00 KM |
| High Street | £ 0 | 0 | 0.00 KM |
| St Paul's Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Nelson | 2565 | NEL | 0.60 KM |
| Brierfield | 2554 | BRF | 2.42 KM |
| Colne | 2562 | CNE | 4.63 KM |
| Burnley Central | 2550 | BNC | 5.20 KM |
| Burnley Manchester Road | 2549 | BYM | 6.22 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Romney Street, Nelson, BB9 | £ 350,000 | BUY | 6 / 10 | 0.00 KM |
| Romney Street, Nelson, Lancashire, BB9 | £ 130,000 | BUY | 6 / 10 | 0.00 KM |
| Avondale Road, Nelson | £ 119,950 | BUY | 6 / 10 | 0.08 KM |
| Romney Street, Nelson, Lancashire, BB9 | £ 110,000 | BUY | 7 / 10 | 0.11 KM |
| Bentley Street, Nelson | £ 70,000 | BUY | Unknown | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 88 Romney Street | £ 52,000 | 0.00 KM |
| 86 Romney Street | £ 66,000 | 0.00 KM |
| 11a Romney Street | £ 121,000 | 0.00 KM |
| 17 Romney Street | £ 65,000 | 0.00 KM |
| 23 Romney Street | £ 68,250 | 0.00 KM |