Property Shop - Sales says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located in Barnoldswick, Lancashire. The list price is £120,000, and the property has 662 sqft of living space and an 818.55 sqft plot. The average house price in the area is £193,838, with an average price per sqft of £210. Based on the provided images, the property is in need of significant renovation. The walls show signs of damp, the flooring requires replacement, and the overall condition appears tired and worn. The kitchen and bathroom also require updating. The small rear yard is paved. While the location is close to several schools, including Gisburn Road Community Primary School and Barnoldswick Church of England Controlled Primary School (both rated ‘Good’ by Ofsted), the proximity to train stations in Colne and Nelson is a positive aspect for commuters. Considering the property’s condition, the list price of £120,000 appears relatively low compared to the average house price in the area. However, the required renovations must be factored in. The average price per sqft in the area is £210, but this property is priced significantly lower per sqft, reflecting its condition. Nearby comparable properties on York Street have sold for between £55,000 and £89,000, suggesting the list price is within a reasonable range, given the extensive work needed.

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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