Petty Estate Agents Ltd says ..

Property Oracle says ..

This two-bedroom terraced house located on Bath Street in Colne, Lancashire, presents a mixed bag of pros and cons. Its location is a strong point, offering proximity to Colne town centre, providing access to shops, transport (including train links to larger cities), and several well-regarded schools (Newtown Nursery School, Park Primary School, and West Street Community Primary School are all within a short distance and have good Ofsted ratings). This makes the property potentially attractive to families or those seeking convenience.

However, the property’s condition needs significant attention. The photos reveal worn carpets, apparent debris indicating a need for a thorough clean, and dated fixtures and fittings in the kitchen and bathroom. A prospective buyer should budget for renovations and modernisation to bring the property up to a modern standard. The lack of any outdoor space or garden is a further drawback, typical of terraced properties but still a limitation for many buyers.

Despite the need for renovation, the asking price of £70,000 seems reasonable when considering comparable properties listed on Bath Street and nearby areas. However, the lack of precise square footage data on many comparable listings hinders a definitive conclusion on value for money. Ultimately, this property represents a potential investment opportunity for someone prepared to undertake renovations, but the cost of refurbishment should be carefully factored into the overall purchase decision. The buyer must be prepared to invest time and money in upgrading the property to reach its full potential. Thorough surveys and inspections are recommended before purchase.

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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