Adams Estate Agents says ..

Property Oracle says ..

This property on Lacey Street in Widnes is a 911 square foot building currently listed for £60,000. The listing photos reveal it’s a former dental practice in need of substantial refurbishment. The interior is largely empty, containing discarded furniture and materials, indicative of a recent vacancy. The building itself appears structurally sound from the exterior photos, but interior images show signs of wear and tear, requiring significant work on the walls, ceilings, and fixtures. The lack of a garden or additional land is a considerable drawback.

The property’s location offers some advantages. It’s within close proximity to several schools, including an ‘Outstanding’ rated school, making it potentially appealing to families. The proximity to Widnes train station enhances its accessibility. However, further research is needed to determine the availability of nearby shops and other local amenities.

In summary, this is a high-risk, high-reward investment opportunity. The low purchase price is offset by the extensive renovation needed. Buyers should budget significantly for refurbishment costs before committing. The property may be particularly suitable for investors who can leverage the relatively low purchase price and the location to create a profitable rental or resell property after renovation. This property is an ideal candidate for those who appreciate a project property and the potential returns associated with it. It is important to note the lack of nearby listing sqft information limits accurate assessment of property value based on price per sqft.

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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