Farrow & Farrow says ..

Property Oracle says ..

Holmefield House is a six-bedroom, three-bathroom property situated on Burnley Road in Rawtenstall, Rossendale. The property benefits from a sizable plot of 2,022.80 sqft. The house itself is 1,475.13 sqft. The property is a stone built house that appears to be in need of modernisation and updating. Whilst the structure appears sound, many of the interior finishes are dated and would require significant investment to bring them up to a modern standard. The property benefits from a good sized garden to the rear. The location is reasonably convenient, with several primary schools within a short distance, all with a good Ofsted rating. Train stations are also within a reasonable distance, though this will require car travel. The immediate vicinity appears relatively quiet and residential. However, the proximity to a petrol station might be considered a negative by some buyers. Considering the property’s condition, the sizable plot, and its location, the list price of £550,000 seems high compared to the average price per sqft in the area (£264). While the property is larger than average, the required modernisation works would significantly impact the overall value proposition. The average house price in the area is substantially lower, suggesting that this property may be overpriced unless significant improvements are factored into the valuation.

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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