Tiger Sales & Lettings says ..

Property Oracle says ..

This property in Blackpool is a large guest house with 20 bedrooms and 20 bathrooms. Its location on Charnley Road places it within reasonable proximity to Blackpool North train station and several primary schools, offering convenience and family-friendly appeal. The town centre is also close by which will appeal to many. However, this also brings associated challenges.

The property’s condition presents a mixed picture. While structurally sound, the interior images depict dated furnishings and finishes that will need significant updating. Many rooms are basic, lacking in modern amenities and showing wear-and-tear. The bathrooms would need to be fully replaced as they currently look quite old and tired. Overall, considerable renovation work will be necessary to modernise the property, enhance its appeal and potentially increase its rental yield.

The absence of details regarding land size limits a thorough assessment of the property’s full potential. The lack of garden space is not unusual given its location, however would be a limitation for many.

In terms of price, the £200,000 asking price requires careful consideration. Although comparable properties in the area are on the market at lower prices, this property is considerably larger with a greater potential income due to the number of rooms. The cost of bringing the property up to a modern standard, and the potential return on investment would need to be carefully considered by any potential buyer. A detailed survey is essential to accurately assess the extent and cost of required renovations. A professional valuation from a reputable surveyor would be crucial in determining if this property represents good value for money.

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

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