Kenricks Commercial Estate Agents says ..

Property Oracle says ..

This property on Lytham Road, Blackpool, is a land and building currently listed for sale by auction. The photographs reveal a dilapidated structure requiring substantial work or demolition. Planning permission exists for the development of seven self-contained flats. The location is reasonably central, with Blackpool South train station nearby and several schools within a short distance. The immediate vicinity, however, looks somewhat run-down based on the images provided. Nearby property prices vary considerably, reflecting the diversity of the Blackpool housing market and suggesting that the listing price, while taking into account the redevelopment plan, may need further evaluation based on actual costs during the building process and market conditions during the sale.

The absence of information regarding the square footage of the land and building, along with the lack of details on the existing structure’s layout, limits a comprehensive assessment of the property’s true value. Potential buyers should conduct thorough due diligence, including a detailed survey of the land and building, and factor in construction costs and potential sale value to determine a realistic return on investment. The current state of the property suggests a high level of risk is involved with purchasing, but the proposed development plan may significantly improve this. Further investigation is therefore recommended prior to any bidding decision.

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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