Your Move says ..

Property Oracle says ..

This three-bedroom terraced house in Skelmersdale, Lancashire, presents a complex investment opportunity. The property’s current condition is far from ideal, exhibiting significant signs of disrepair including visible damp, damaged flooring, and an overall tired aesthetic. The images show a clear need for extensive renovations, which will significantly impact the overall cost of acquisition. The kitchen, bathroom, and living areas particularly require modernisation and repairs. The small rear garden, while present, appears unkempt.

While the initial list price is relatively low compared to some nearby properties, the substantial costs associated with bringing the property up to a habitable standard should be carefully considered. The location offers proximity to good primary schools and several train stations, representing some positive aspects. However, the area is primarily residential and lacks the amenities of a larger town. Potential buyers should conduct thorough due diligence, including a full building survey, to assess the true extent of the necessary repairs and their associated costs before committing to purchasing this property. Those with renovation experience or access to skilled tradespeople might see this as an opportunity, but it’s crucial to accurately budget for the extensive works required. The lack of provided square footage information makes an exact comparison with local pricing trends impossible. However, recent nearby sales and accepted offers suggest that after renovation it could prove to be a reasonable investment.

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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