Allsop says ..

Property Oracle says ..

This property, located on Penistone Street in Burnley, Lancashire, is a two-bedroom, one-bathroom terraced house currently listed for £20,000. The listing description highlights the need for renovations. The provided photographs show a property in need of significant updating; whilst the structure is likely sound, there’s clear evidence of wear and tear throughout. The interior finishes, including wallpaper, flooring and plastering appear outdated and damaged in places. The kitchen and bathroom, although functional, are also dated. The exterior image shows a typical terraced house in a row of similar properties, exhibiting wear and tear on the exterior stonework. The location offers reasonably close proximity to a few primary and secondary schools and train stations, making it potentially suitable for commuters or families. However, the overall quality of the neighbourhood and local property prices would need further analysis to ascertain its true value. The remarkably low list price suggests there may be significant hidden costs or issues not immediately visible in the provided images. While the price may be attractive to an investor or buyer willing to undertake substantial renovations, it’s critical to conduct a thorough survey and due diligence before purchasing this property to ascertain the full extent of the repair work and overall cost, and to assess the value of the property once the renovations have been completed. The lack of key details such as square footage and plot size prevents a definitive assessment. Potential buyers should consider professional advice before making a purchase decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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