McHugh & Co says ..

Property Oracle says ..

This 2-bedroom terraced property in Bolton, Greater Manchester, presents a unique investment opportunity. Located on Chorley Old Road, in the Smithills area, it benefits from a relatively convenient location near highly-rated primary schools and transport links. However, the images reveal that the property is in very poor condition, requiring extensive renovation throughout. Walls, ceilings, and fixtures are damaged and outdated. While other homes in nearby streets command significantly higher prices, the £30,000 asking price reflects the significant cost of bringing this property up to a habitable standard. The low list price compared to neighboring properties makes it attractive to investors willing to invest substantial funds in renovation. The extremely low plot size is likely the main factor for the low price, although the potential for added value is high. The property currently lacks a substantial garden. The property is a risk but, if renovated skillfully, could potentially offer a considerable return on investment due to its location and size. This would suit a buyer with specific renovation skills and a significant budget to restore the property, which is a fixer-upper in need of complete refurbishment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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