Entwistle Green says ..

Property Oracle says ..

The property is a two-bedroom terraced house located on Chapel Street in Nelson, Lancashire. The list price is £57,500.

Considering the images provided, the property is in need of significant renovation. The interior shows considerable wear and tear, including damaged walls, floors, and outdated fixtures. The exterior, while showing the property’s structure, also appears to require some maintenance. The small rear yard offers limited outdoor space.

The location is within reasonable proximity to several schools, with Nelson St Philip’s Church of England Primary School being the closest at 0.12km. Transportation links are also relatively close, with Nelson train station only 0.56km away. However, the average house price in the area is significantly higher at £343,220, and the average price per square foot is £247. Nearby comparable properties range in price from £50,000 to £180,000, reflecting a wide variation in property types and conditions. The lack of square footage information for the subject property makes a direct price comparison difficult.

Given the property’s condition and the need for extensive renovation, the list price of £57,500 might appear reasonable compared to other similarly priced, smaller properties in the area. However, the significant renovation costs should be factored in when assessing the overall value. The lack of information regarding the property’s square footage makes a definitive statement on price per square foot impossible.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images