Arnold & Phillips says ..

Property Oracle says ..

The property located on Blythe Lane, Lathom in West Lancashire is a six-bedroom house with two bathrooms. The property sits on a large plot of 8,971 sqft and the house itself is 6,844 sqft. The list price is £695,000.

The location is semi-rural, offering tranquility and privacy while being within a reasonable distance of the market town of Ormskirk and transport links. Several good primary schools are located within a short distance, making this an attractive location for families. The proximity to Burscough Junction train station provides convenient access to other areas.

Based on the provided images, the property is in need of significant renovation and modernisation. The interior shows dated fixtures, fittings and finishes throughout. There is evidence of water damage and damp in several rooms, requiring attention. The exterior also needs significant landscaping and maintenance.

The property includes a large plot of land, which is a significant feature adding to its potential value. However, the land currently appears overgrown and neglected.

Considering the property’s condition, requiring substantial renovation, the large plot of land, and the location which offers some benefits but also has drawbacks, the list price of £695,000 may be considered high compared to the average price per sqft in the area. However, the size of the property and the plot are significantly larger than the average, potentially justifying a higher price. A full structural survey and detailed costings for renovation would be needed to fully assess the true 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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