Reeds Rains says ..

Property Oracle says ..

This two-bedroom, one-bathroom end-of-terrace property in Chorley, Lancashire, presents a mixed bag of potential and challenges. The property is located relatively close to amenities, including good schools and transport links, making it attractive from a lifestyle perspective. However, the photos clearly show that the property is in need of substantial renovation. The interior is largely unfinished, requiring considerable investment in time, effort, and materials. Although there is a small backyard, it is currently overgrown and neglected. The list price of £120,000 reflects the necessary work; it is neither overpriced nor exceptionally cheap, especially when viewed against local market rates and comparable properties needing similar work. A prospective buyer should therefore factor in significant refurbishment costs into their overall budget before making an offer. The property’s potential lies in its location and size once renovated, with the possibility of adding significant value post-refurbishment. Ultimately, a potential buyer should conduct a thorough survey before making any commitment to purchase.

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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