Romney Street, Nelson, BB9
BE

Romney Street, Nelson, BB9

By Belvoir Sales

£ 350,000

Reviews

3 out of 5 stars

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 %
from 256,000.00 £
Est sale value
579,117.00 £
Decreased by 56.74 %
from 1,338,738.00 £
Average area rental value
755.00 £/mo
Decreased by 81.50 %
from 4,081.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 20,056.00 £/mo
Est rental Yield
3.60 %
Decreased by 81.18 %
from 19.13 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Belvoir Sales created the listing.

Nearby Schools

NameTypeOfstedDistance
Nelson St Paul'S Church Of England Primary SchoolVoluntary Aided SchoolGood0.15 KM
Marsden Community Primary SchoolCommunity SchoolGood0.25 KM
St John Southworth Roman Catholic Primary School, NelsonVoluntary Aided SchoolGood0.51 KM
Mcmillan Nursery SchoolLocal Authority Nursery SchoolRequires improvement0.56 KM
Edenfield Girls' High SchoolOther Independent SchoolGood0.67 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Bentley Street £ 000.00 KM
Napier Street £ 109,95000.00 KM
Princess Street £ 000.00 KM
High Street £ 000.00 KM
St Paul's Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Nelson2565NEL0.60 KM
Brierfield2554BRF2.42 KM
Colne2562CNE4.63 KM
Burnley Central2550BNC5.20 KM
Burnley Manchester Road2549BYM6.22 KM

Nearby Listings

AddressPriceTypeScoreDistance
Romney Street, Nelson, BB9 £ 350,000BUY6 / 100.00 KM
Romney Street, Nelson, Lancashire, BB9 £ 130,000BUY6 / 100.00 KM
Avondale Road, Nelson £ 119,950BUY6 / 100.08 KM
Romney Street, Nelson, Lancashire, BB9 £ 110,000BUY7 / 100.11 KM
Bentley Street, Nelson £ 70,000BUYUnknown0.12 KM

Nearby Properties

AddressPriceDistance
88 Romney Street £ 52,0000.00 KM
86 Romney Street £ 66,0000.00 KM
11a Romney Street £ 121,0000.00 KM
17 Romney Street £ 65,0000.00 KM
23 Romney Street £ 68,2500.00 KM