Entwistle Green says ..

Property Oracle says ..

This four-bedroom, two-bathroom property located on Albert Road in Morecambe presents a compelling investment opportunity but comes with significant caveats. The property’s size is a definite plus, but the current condition is a major drawback. The provided photographs clearly showcase extensive damage throughout the interior, including significant structural and cosmetic issues. Walls, ceilings, and flooring all require extensive repair or replacement. The kitchen and bathrooms are also very outdated and need a complete overhaul. The property does benefit from its location close to Morecambe town centre, offering access to local amenities, schools, and transport links. However, the major renovation requirements must be carefully considered before making any purchasing decision. The existence of a small rear yard offers a little bit of outdoor space, however, the size and quality does not give the property any significant value. The listing price of £120,000 appears to be in-line with other nearby properties however, the potential cost of renovations should be taken into consideration before making any purchase decision. Overall, this property is suitable for buyers with the skills or resources to undertake a full refurbishment, who see the potential to increase the property’s market value once renovated, or for investors seeking a potential rental property that is suited for a complete refurbishment. Further due diligence, including obtaining professional surveys and obtaining accurate cost estimates for renovation, is strongly advised.

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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