Mighty House says ..

Property Oracle says ..

This seven-bedroom, five-bathroom property located on Marine Road Central, Morecambe, offers a compelling proposition for a buyer willing to undertake a substantial renovation project. The property’s location presents a significant benefit. The Grade II listed building benefits from its beachfront position, and is within easy reach of local amenities, and transport links including Morecambe train station. Furthermore, several primary schools with good Ofsted ratings are nearby, increasing family appeal.

However, the property’s condition requires immediate attention. The provided photographs clearly illustrate the significant work needed. The property’s interior exhibits signs of age and neglect in multiple areas, with features such as outdated kitchens and bathrooms, and areas that show signs of possible damp. While the large number of bedrooms and bathrooms suggests the potential for conversion into multi-unit dwelling, this would require professional assessment and would be subject to planning permissions. The existing layout might be an inefficient use of space if used as a single family home. The garden space, while present, is relatively small and somewhat overgrown.

Overall, the property is an interesting opportunity for a buyer with experience in renovation projects and looking for a potential long-term investment. The listing price necessitates a thorough assessment of the renovation costs to determine its true value, as the current high price may not reflect the property’s market value as it stands. Further investigation into the land details and local comparable sales data is required before a definitive conclusion can be reached regarding its financial viability.

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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