Mortimers Chartered Surveyors says ..

Property Oracle says ..

The property is a terraced house located on South Street, Accrington, Lancashire. The list price is £75,000. The property has 2 bedrooms and 1 bathroom, and a total area of 675.97 sqft. The plot size is 0.00 sqft, indicating no garden. Considering nearby properties, several terraced houses on South Street sold for between £27,500 and £60,000. Other nearby terraced houses in Accrington had list prices ranging from £60,000 to £110,000. The average price for properties in the area is significantly higher at £454,920, with an average price per sqft of £370. However, it’s important to note that these averages may not be directly comparable due to differences in property type and size. The subject property’s size is considerably smaller than the area average (675.97 sqft vs 1229 sqft). The property’s location is near several schools, including Lee Royd Nursery School (Good Ofsted rating) and Accrington Woodnook Primary School (Good Ofsted rating), both within a short distance. Several train stations are also within reasonable proximity, offering convenient transportation links. Based on the provided image, the property appears to be in relatively good condition for its age and style. The stonework looks sound, and the windows and doors seem to be in acceptable condition. However, a detailed inspection would be needed to assess the overall condition accurately. There is no evidence to suggest the property is in need of significant renovation. Given the lower list price compared to area averages, the smaller size, and the lack of a garden, the £75,000 list price may represent reasonable value, particularly when considering the comparable sales of nearby terraced houses. However, a full survey and valuation would be recommended to confirm this assessment.

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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