Honeywell says ..

Property Oracle says ..

This property is a three-storey building situated in Clitheroe town centre, listed as land for sale with planning permission for conversion into three separate residential apartments. Its central location is a significant advantage, offering convenient access to Clitheroe’s amenities including the train station (0.54km) and several highly-rated schools such as Clitheroe Royal Grammar School (0.19km) and Clitheroe Pendle Primary School (0.47km). The provided photographs and plans indicate the property is currently in a state of disrepair, requiring extensive renovation before it can be occupied. The exterior displays significant wear and tear, including damaged or missing window panes. The absence of information regarding the total square footage of the building, garden space, or specifics of the internal layout makes it difficult to assess the overall value objectively. Therefore, prospective buyers need to carefully weigh the cost of renovation against the potential return once the conversion is completed. The planning permission for three apartments suggests a potential for rental income or sale of individual units, which could increase the overall return on investment. The £200,000 price tag seems plausible in relation to other prices in the area, but is likely to be significantly increased with the cost of renovation. A thorough professional survey would be highly recommended before committing to this 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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