Duxburys Property Consultants Limited says ..

Property Oracle says ..

The Former Queens Hotel is a substantial property located on Morecambe seafront. The listing suggests significant potential for redevelopment or renovation. Currently, the building appears largely vacant and in need of extensive refurbishment; interior photos reveal bare rooms requiring complete modernization. There is a small rear yard, but no garden. The lack of key details like the total square footage and number of bedrooms/bathrooms makes a definitive assessment challenging. The asking price of £400,000 must be considered alongside the major investment required. While the seafront location offers considerable appeal, buyers should factor in considerable renovation costs. The property’s potential is high, but the current state and required investment need careful consideration by potential purchasers. The nearby properties are not directly comparable as they are not of a similar type or size. The average prices shown on nearby streets do not reflect a value that aids in this analysis, because there is no sqft data available for any of the properties. Therefore, the price is reasonable for the potential, but not necessarily for the current condition and the lack of information provided.

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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