Home and Finance says ..

Property Oracle says ..

This property in Millom, Cumbria, presents a unique investment opportunity in the form of a substantial plot of land, complete with existing structures including garages, some of which are currently tenanted. The land requires significant work and improvement. The existing buildings show signs of disrepair requiring renovation or demolition. The location in Millom offers access to local amenities like schools and transportation (Millom train station is less than 1km away), and the proximity to several well-regarded schools is a positive aspect. However, Millom is a small town, and the property’s condition needs considerable attention. The overgrown garden adds to the overall impression of neglect. The price of £75,000 reflects the current state of the property and land, while acknowledging the potential value once improvements are made. Potential buyers should thoroughly assess the scope of the required work and weigh the costs against the potential return on investment. The potential rental income from the tenanted garages adds an extra dimension to investment analysis. Overall, this is a project for a buyer comfortable with renovation projects and seeing potential that needs significant realization.

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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