Regency Estates says ..

Property Oracle says ..

This property is located on Chorley New Road in Heaton, Bolton. The area benefits from being close to several schools, including Bolton School Boys’ Division and Bolton School Girls’ Division, both within a short distance. Transport links are also relatively convenient, with Bolton train station approximately 2.93km away.

The property itself is a large detached house, however, it is in significant need of renovation. The images clearly show extensive damage and a lack of maintenance. The property requires substantial work to bring it up to a habitable standard. There is some evidence of a garden area, but it is currently overgrown and neglected.

Given the condition of the property, the list price of £500,000 seems high. The average house price in the area is significantly lower at £385,295, and the average price per square foot is £392. Without knowing the actual square footage of the property, it is difficult to provide a precise price comparison. However, the extensive renovation required would add considerable cost, making the current asking price potentially uncompetitive unless significant value is added through the renovation process. Nearby comparable properties show a wide range of prices, indicating a diverse market but nothing that justifies the asking price in its current state.

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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