Entwistle Green says ..

Property Oracle says ..

This one-bedroom flat in Blackpool is listed at £60,000. The property’s location on Princess Street places it within a reasonable distance of local amenities including train stations and schools. However, the immediate surroundings may not be considered a prime location by all.

The photos reveal that the property is habitable but requires significant modernisation. While the structure appears sound, the decor and fixtures are outdated and in need of repair. The kitchen and bathroom, in particular, show signs of wear and could benefit from renovation. The living areas also show signs of wear and tear. The property lacks a significant garden; more of a small yard/area, limiting outside space.

In terms of value, the asking price of £60,000 aligns with other properties in the area. However, prospective buyers must factor in the cost of renovation and modernisation to bring the property up to a desirable standard. Investors might consider the rental income potential (around £5000 annually, producing over an 8% yield, as noted in one listing). Overall, the property presents an opportunity for renovation and resale or as a rental investment but the need for significant work must be factored into the purchase price. Potential buyers should undertake a thorough survey to fully assess the property’s condition and any potential hidden costs before making an offer.

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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