Edward Mellor Ltd says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment with a floor area of 664 sqft. The list price is £50,000. The average price for properties in the area is significantly higher at £333,177, with an average price per sqft of £264. Nearby properties on Whitehead Street range in price from £82,500 to £125,000 for terraced houses, indicating that the list price of the apartment may reflect its smaller size and different property type. However, without sqft data for the comparable properties, a precise comparison is difficult. The apartment appears to be in good condition based on the provided images. It is modern and well-maintained. There is no evidence of significant repair or renovation needs. The location is close to several schools with good Ofsted ratings, suggesting a family-friendly area. The proximity to train stations at Rose Grove, Hapton, Burnley Manchester Road, and Burnley Barracks provides convenient access to public transportation. However, the property itself does not have a plot of land. Considering the list price of £50,000, the significantly higher average house price in the area (£333,177), and the lack of land, the price appears to be exceptionally low compared to the local market. This could be due to factors not reflected in the provided data. More information on the property’s features and any potential drawbacks would be needed for a more comprehensive price analysis.

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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