Richard Turner & Son says ..

Property Oracle says ..

This property is a barn conversion opportunity located in Ashton with Stodday, Lancaster. The location benefits from being relatively close to Lancaster city centre and several well-regarded schools, including Scotforth St Paul’s Church of England Primary and Nursery School and Ripley St Thomas Church of England Academy, both rated ‘Outstanding’ by Ofsted. Transport links appear reasonable, with several train stations within a reasonable distance. However, the property itself requires significant work. The images show a building in a state of disrepair, needing extensive renovation before it becomes habitable. The lack of information regarding the plot size and internal square footage makes it difficult to assess the value accurately. The list price of £250,000 is significantly lower than the average house price in the area (£407,139), but this is likely due to the property’s condition and the need for substantial renovation. Nearby comparable properties on Tarnwater Lane range from £210,000 to £290,000 for terraced houses, suggesting that the list price for this barn conversion project might be reasonable, considering the potential for a large property once renovated. However, the substantial cost of renovation must be factored in when assessing the overall value. Further information on the plot size and potential buildable area would significantly improve the assessment of the property’s value.

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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