Athertons says ..

Property Oracle says ..

This property, a former Methodist Church located in Longridge, Lancashire, presents a unique investment opportunity. The building, boasting substantial floor area of approximately 3139.83 sqft, offers considerable potential for conversion or redevelopment. However, the photos clearly indicate a need for comprehensive renovation. The interior features a mix of original, and potentially historic, features and outdated finishes. The floors require attention throughout, and fixtures and fittings appear dated. The building’s large windows are a positive feature offering excellent natural light. The exterior is made of stonework, providing some architectural character. While the lack of readily available details about the specific condition of the plumbing, electrics, roofing and other essential features would need to be assessed, and accounted for in the overall cost, the location within Longridge has some strong points. The property is relatively close to several schools, including some with ‘Good’ Ofsted ratings, suggesting a family-friendly area. Potential buyers must factor in the substantial costs associated with the necessary renovations and the minimal available land, before making any investment decision. The overall valuation is subjective, but taking all factors into account, a comprehensive survey and appropriate planning permissions are prerequisites before any realistic valuation can be made. This would be essential for securing appropriate funding and achieving a return on investment.

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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