Egremont Street, Millom
CO

Egremont Street, Millom

By Corrie and Co Ltd

£ 55,000

Reviews

2 out of 5 stars

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
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Leaflet © OpenStreetMap contributors

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 %
from 196,630.00 £
Est sale value
168,000.00 £
Unchanged by 0.00 %
from 168,000.00 £
Average area rental value
696.00 £/mo
Unchanged by 0.00 %
from 696.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
4.25 %
Unchanged by 0.00 %
from 4.25 %
Crime Rate
35.00 %
Unchanged by 0.00 %
from 35.00 %

Agent Activity

  • Corrie and Co Ltd marked this listing as sold.

  • Corrie and Co Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Millom Surestart Children'S CentreChildren's Centre0.06 KM
Millom Infant SchoolCommunity SchoolGood0.06 KM
St James' Catholic Primary SchoolVoluntary Aided SchoolGood0.47 KM
Parkview Nursery SchoolLocal Authority Nursery SchoolGood0.64 KM
Millom SchoolCommunity SchoolRequires improvement0.66 KM

Images

IMG_5801.JPG IMG_5759.JPG IMG_5763.JPG IMG_5765.JPG IMG_5767.JPG IMG_5760.JPG IMG_5773.JPG IMG_5769.JPG IMG_5770.JPG IMG_5778.JPG IMG_5772.JPG IMG_5774.JPG IMG_5775.JPG IMG_5779.JPG IMG_5791.JPG IMG_5796.JPG IMG_5782.JPG IMG_5783.JPG IMG_5784.JPG IMG_5790.JPG IMG_5794.JPG IMG_5797.JPG IMG_5802.JPG IMG_5795.JPG IMG_5799.JPG

Nearby Streets

NameAverage PriceAverage SqftDistance
Argyle Street £ 000.00 KM
Earl Street £ 117,50000.00 KM
St George's Terrace £ 000.00 KM
Windermere Gardens £ 265,00000.00 KM
Rottington Cottages £ 50,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Millom1997MLM0.59 KM
Green Road1996GNR4.70 KM
Askam1953ASK7.19 KM
Silecroft2000SIC7.76 KM
Foxfield2046FOX7.95 KM

Nearby Listings

AddressPriceTypeScoreDistance
Egremont Street, Millom £ 55,000BUY4 / 100.00 KM
Newton Street, Millom £ 95,000BUYUnknown0.11 KM
Argyle Street Land For Sale, MILLOM £ 75,000BUY5 / 100.15 KM
Lowther Road, MILLOM £ 420,000BUY7 / 100.18 KM
Surrey St, Millom £ 80,000BUYUnknown0.21 KM

Nearby Properties

AddressPriceDistance
1 School Terrace £ 85,0000.02 KM
5 School Terrace £ 61,0000.02 KM
13 School Terrace £ 55,0000.02 KM
5 Egremont Street £ 69,0000.05 KM
1 Egremont Street £ 44,0000.05 KM