Blue Alpine says ..

Property Oracle says ..

This property is a block of two flats situated on Accrington Road in Blackburn, Lancashire. The listing describes it as newly refurbished, and the provided photos support this claim, showing a reasonably well-maintained interior with modern fixtures. The flats appear to be compact, suitable for single occupancy or small couples. The location offers proximity to various schools, which might appeal to families or investors targeting students. Transportation is also relatively convenient, with several train stations within a few kilometers’ radius. However, the property has minimal land, primarily consisting of a very small shared yard, a significant drawback for many buyers. The street itself is a main road, and while this provides access to transport, it might reduce the peace and quiet usually associated with a desirable residential location. The price of £214,000 requires a more comprehensive market analysis for a definitive assessment. Data on similar properties’ prices (especially those recently refurbished in the area), would provide a clearer picture of whether this is a good value proposition. Comparing this property with others in the neighborhood, with similar sizes and conditions, would provide more context to the list price. This could include data on average prices per square foot for similar properties in the locality, and rental yield information for investment purposes. Overall, it is a functional, potentially profitable investment opportunity, but with notable limitations in terms of space and street location. Considering the current market condition in Blackburn and the refurbished state of the flats, the price could be deemed competitive within that specific niche. Therefore, a detailed comparative market analysis is needed to fully evaluate whether the asking price is reasonable and aligns with the current market situation for this type of property in the area.

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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