JonSimon Estate Agents says ..

Property Oracle says ..

The property is a two-bedroom terraced house located in Burnley, Lancashire. The list price is £79,995. The property is in need of modernisation. The decor and fixtures are dated, and the property would benefit from a full refurbishment to bring it up to modern standards. The kitchen and bathroom appear particularly outdated. There is evidence of some wear and tear throughout the property. The garden appears small, based on the image provided showing a small yard area to the rear of the property. The location is reasonably convenient, with nearby schools and transportation links. However, the average house price in the area is significantly higher than the list price of this property, suggesting it may be undervalued. The average price per square foot in the area is £157.00, while this property is listed at a much lower price per square foot. However, this needs to be considered in the context of the property’s condition. The lower price is likely reflective of the extensive modernisation required. Considering the property’s condition, the relatively small plot size, and the need for significant renovation, the list price of £79,995 may represent reasonable value for money, despite being significantly below the average price for the area. However, potential buyers should factor in the cost of renovations when assessing the overall value.

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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