Bettermove says ..

Property Oracle says ..

This 2-bedroom terraced house in Burnley, Lancashire, presents a mixed bag for potential buyers. Its location offers some positive attributes, with relatively close proximity to well-regarded schools and train stations. This is a key advantage for families and commuters. However, the property requires extensive renovation. Images show significant damage to the walls and ceilings in several rooms, indicating a need for repairs, redecorating, and possibly structural work. The kitchen and bathroom are outdated and require modernisation. The small, unkempt yard or garden doesn’t add much to the property’s appeal.

The asking price, while slightly below average compared to some local listings, should be considered in context with the significant work needed. Potential buyers should factor in a substantial budget for renovations before making an offer. Investors may see potential given that the property is currently tenanted, but the overall condition may make securing a suitable long-term renter a challenge, especially without any modernisation works taking place.

Overall, this property presents a high-risk, high-reward investment. Buyers or investors should carefully assess their budget and tolerance for renovation work before proceeding. Due to the lack of information on the size of the property in square feet, or the quality of local amenities it is hard to provide a fair price analysis. A thorough survey is recommended to identify the full extent of any necessary repairs and potential costs.

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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