Corrie and Co Ltd says ..
Looking for a new project? Don't miss out on this exciting opportunity to own a former successful 'off licence and sweet shop' in the heart of Millom town centre. This property is in need of some modernization but comes with ample living space behind the main store area. On the ground floor, ...
Property Oracle says ..
This property located on Egremont Street in Millom, Cumbria, presents a unique investment opportunity, but comes with significant caveats. The listing highlights a four-bedroom, two-bathroom property with a total square footage of 1000sqft. However, the images reveal a property in disrepair. Walls and ceilings show significant damage. The flooring is aged, and the overall impression is one of significant neglect or abandonment. The property’s history as a former off-licence and sweet shop is noted; this would need to be factored into any potential renovation or business plan. Whilst the location within Millom town centre is advantageous, offering proximity to schools, transport, and amenities, the extensive renovation needed outweighs this advantage.
The lack of available land is a major drawback, and with a plot size of 0.00 sqft, potential buyers shouldn’t expect a garden or any outdoor space. The price of £55,000 for a property in this condition warrants serious consideration. While it is lower than some comparable four-bedroom properties in the area, the scale of required renovations will add substantial costs that need factoring in for a reasonable ROI.
In conclusion, this property is suitable for investors willing to undertake a substantial renovation project, who recognize that the property’s value lies in the potential post-renovation. It is not suitable for someone looking for a move-in-ready property. Thorough due diligence and a detailed cost assessment of the renovation are crucial before making any purchasing decisions.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 7
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft (est)
- 1,000.00
![](/osm/tile/18/128693/83911.png)
![](/osm/tile/18/128693/83910.png)
![](/osm/tile/18/128692/83911.png)
![](/osm/tile/18/128694/83911.png)
![](/osm/tile/18/128693/83912.png)
![](/osm/tile/18/128692/83910.png)
![](/osm/tile/18/128694/83910.png)
![](/osm/tile/18/128692/83912.png)
![](/osm/tile/18/128694/83912.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![](/static/leaflet/images/marker-shadow.png)
![Marker](/static/leaflet/images/marker-icon-2x-red.png)
![Marker](/static/leaflet/images/marker-icon-2x-green.png)
![Marker](/static/leaflet/images/marker-icon-2x-green.png)
![Marker](/static/leaflet/images/marker-icon-2x-green.png)
![Marker](/static/leaflet/images/marker-icon-2x-green.png)
![Marker](/static/leaflet/images/marker-icon-2x-green.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
![Marker](/static/leaflet/images/marker-icon-2x-blue.png)
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 196,630.00 £Unchanged by 0.00 %
- Est sale value
- 168,000.00 £Unchanged by 0.00 %
- Average area rental value
- 696.00 £/moUnchanged by 0.00 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 4.25 %Unchanged by 0.00 %
- Crime Rate
- 35.00 %Unchanged by 0.00 %
Agent Activity
Corrie and Co Ltd marked this listing as sold.
Corrie and Co Ltd created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Millom Surestart Children'S Centre | Children's Centre | 0.06 KM | |
Millom Infant School | Community School | Good | 0.06 KM |
St James' Catholic Primary School | Voluntary Aided School | Good | 0.47 KM |
Parkview Nursery School | Local Authority Nursery School | Good | 0.64 KM |
Millom School | Community School | Requires improvement | 0.66 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Argyle Street | £ 0 | 0 | 0.00 KM |
Earl Street | £ 117,500 | 0 | 0.00 KM |
St George's Terrace | £ 0 | 0 | 0.00 KM |
Windermere Gardens | £ 265,000 | 0 | 0.00 KM |
Rottington Cottages | £ 50,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Millom | 1997 | MLM | 0.59 KM |
Green Road | 1996 | GNR | 4.70 KM |
Askam | 1953 | ASK | 7.19 KM |
Silecroft | 2000 | SIC | 7.76 KM |
Foxfield | 2046 | FOX | 7.95 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Egremont Street, Millom | £ 55,000 | BUY | 4 / 10 | 0.00 KM |
Newton Street, Millom | £ 95,000 | BUY | Unknown | 0.11 KM |
Argyle Street Land For Sale, MILLOM | £ 75,000 | BUY | 5 / 10 | 0.15 KM |
Lowther Road, MILLOM | £ 420,000 | BUY | 7 / 10 | 0.18 KM |
Surrey St, Millom | £ 80,000 | BUY | Unknown | 0.21 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
1 School Terrace | £ 85,000 | 0.02 KM |
5 School Terrace | £ 61,000 | 0.02 KM |
13 School Terrace | £ 55,000 | 0.02 KM |
5 Egremont Street | £ 69,000 | 0.05 KM |
1 Egremont Street | £ 44,000 | 0.05 KM |