Ultimate Property Solutions says ..

Property Oracle says ..

The property located on Chapel Street in Nelson, Lancashire is a three-bedroom terraced house listed at £74,995. The average house price in the area is significantly higher at £343,220, with an average price per square foot of £247. However, it is important to note that the provided square footage for this property and many nearby listings is missing, hindering a precise price-per-square-foot comparison.

The property’s condition is poor, requiring extensive renovation. The images show significant damage and disrepair throughout, including damaged walls, ceilings, and flooring. The property appears to be stripped of fixtures and fittings, further highlighting the need for complete refurbishment. This will add substantially to the overall cost of ownership.

While the location benefits from proximity to several primary and secondary schools with varying Ofsted ratings, and is within reasonable distance of several train stations, the immediate street and surrounding properties seem to be in a similar state of disrepair. The lack of garden space is also a notable drawback.

Given the property’s poor condition, the need for extensive renovation, and the lack of information regarding the size of the property and plot, it is difficult to definitively assess the value for money. However, compared to other nearby terraced houses, the list price appears to be relatively low. However, the considerable cost of renovation must be factored into any potential purchase decision. A thorough survey and detailed costings for the refurbishment are essential before making an offer.

Therefore, we give this property 2 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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