Pure Investor says ..

Property Oracle says ..

The property is a House of Multiple Occupation (HMO) located in Accrington, Lancashire. It contains 21 bedrooms and is listed at £1,100,000. The property appears to be in good condition based on the provided images. The interior is modern, with recently updated kitchens and bathrooms. The property is clean and well-maintained. While there is no information about the plot size, the property’s location near several schools and its proximity to Accrington train station are positive factors. The average house price in the area is significantly lower (£95,625), and the average price per square foot is £100. However, this property is a large HMO, suggesting a higher potential rental income. The lack of plot size data prevents a full assessment of land value. Considering the property’s size (3,657.58 sqft), the number of bedrooms (21), and its modern condition, the asking price of £1,100,000 may be reasonable if the rental income justifies the investment. However, a detailed financial analysis, including rental income projections and operating expenses, is needed to determine the true value for money. The comparison with nearby properties is limited due to missing square footage data.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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