McGowan Housing says ..

Property Oracle says ..

This property, a multi-unit building located on Church Street in Accrington, Lancashire, presents a unique investment opportunity, but with significant caveats. The listing describes a portfolio of one commercial and two residential flats, however the images showcase a property in disrepair, requiring substantial renovation before it can be occupied or rented. The interior photos reveal considerable damage, including exposed wiring, damaged walls, worn flooring, and outdated fixtures. The need for extensive refurbishment is apparent. The location in Accrington town centre is advantageous, boasting proximity to Accrington train station, and several well-rated primary schools, increasing the potential for rental income once renovated. However, the lack of information regarding the plot size, and the condition of the property requires a significant financial commitment. While this could be offset by potential rental income from multiple units post-refurbishment, investors should exercise due diligence, factoring in all renovation costs and potential rental yields before committing to a purchase.

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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