Lakes Estates says ..

Property Oracle says ..

This four-bedroom, one-bathroom terraced house situated on Lowther Street in Penrith, Cumbria, presents a significant renovation project. The property boasts a convenient location within walking distance of local amenities and schools, including Brunswick School (0.58 km) and St Catherine’s Catholic Primary School (0.61 km). The train station is also relatively close by. The house itself is a three-story Victorian terrace, suggesting characterful features that could be restored. However, the property’s current condition requires considerable investment. Images reveal outdated kitchens and bathrooms, damaged walls, peeling wallpaper and general wear and tear throughout. The existing fittings and finishes are significantly dated and will require complete replacement. The garden, while present, appears small and in need of landscaping. While the location is appealing and the property offers substantial square footage, potential buyers should be prepared for a substantial refurbishment. The listing price of £295,000 requires careful consideration given the scale of work required. Comparable properties in the area range from £220,000 to over £400,000. Therefore, a realistic assessment would be that while the potential is great, the initial investment will be substantial. It’s advisable for any interested party to conduct a full survey and obtain multiple quotes for the necessary renovation work before making an offer.

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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