McHugh & Co says ..

Property Oracle says ..

This three-bedroom property located at 30 Pegamoid Street, Bolton, BL2 2LB is listed for £70,000. The property is a mid-terrace house situated in the Tonge With The Haulgh area. The property benefits from relatively close proximity to several primary schools, with varying Ofsted ratings, and several train stations. The property’s exterior appears reasonably maintained, but internal photographs reveal it’s in need of significant modernisation and renovation. The kitchen and bathroom appear particularly dated and require complete refurbishment. Interior walls need redecorating, and some flooring is worn. The property also possesses a rear garden, though it seems overgrown and could benefit from landscaping. The asking price of £70,000 may seem appealing initially given the location and number of bedrooms. However, the extensive renovation work required would add considerably to the overall cost of acquiring and making the property habitable. The lack of detailed data on square footage for comparable properties in the area makes it difficult to ascertain the definitive value. A potential buyer should factor in the significant costs of renovation when making an offer, carefully researching the actual cost of renovating the property based on quotes from local contractors. A full structural survey is crucial for any potential buyer. Overall, the property could represent a potentially sound investment for a buyer with the skills, resources, and commitment to undertake a substantial renovation project but this would not be a low risk venture. This property isn’t ready to move in and will require a large financial outlay to bring it to a liveable standard.

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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