Property Shop - Sales & Lettings says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located in Rishton, Blackburn, Lancashire. It is listed at £80,000 and has a floor area of 877.80 sqft. The property is in need of significant renovation. Damp is visible in several rooms, and there is evidence of water damage to the ceiling. The kitchen, while recently fitted, is in a stark and unfinished state. The bathroom is dated and requires updating. The small yard is unkempt and overgrown. The average house price in the area is £115,474, with an average price per sqft of £136. While the list price of £80,000 is below average, the property’s condition significantly impacts its value. The extensive renovation needed would likely add considerable cost, potentially negating the initial price advantage. Nearby comparable properties on Burton Street range from £21,000 to £82,500, reflecting a wide variation in condition. The lack of plot size is a significant drawback. The location benefits from proximity to Rishton Methodist Primary School (Good Ofsted rating) and St Charles’ RC School (Good Ofsted rating), both within a kilometer. Several other schools are also within reasonable distance. Several train stations are within a few kilometers, offering convenient transport links. Considering the property’s condition, the list price may seem reasonable initially, but the necessary renovations would likely offset any perceived value. The lack of garden space is also a significant factor.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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