McHugh & Co says ..

Property Oracle says ..

This three-bedroom terraced property in Thornton-Cleveleys, Lancashire, is currently listed at a price significantly lower than many nearby comparable properties. However, this price point must be considered in the context of the property’s condition. The photos clearly reveal a property in need of substantial renovation and modernisation. Significant damp is evident in several rooms, walls appear damaged, and the garden is overgrown and littered. The kitchen and bathroom fixtures appear outdated and in need of replacement. The property would require a significant financial investment before it becomes habitable, making it more suitable for a buyer willing to undertake a major refurbishment project. This consideration, along with the average prices of surrounding streets (which are significantly higher) and the general condition of the property should be considered. The location offers some advantages, with relatively close proximity to good primary schools and multiple train stations. Overall, the property presents a high-risk, high-reward proposition for the right buyer, but most buyers may deem the price still to be high given the costs involved with purchasing and renovating it. Thorough surveys are essential before any purchase. The lack of bathrooms is also a key consideration.

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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