Reeds Rains says ..

Property Oracle says ..

This property is a three-bedroom end of terrace house located in Burnley, Lancashire. The property is currently listed at £55,000. Based on the images provided, the property is in need of significant renovation. There is evidence of damp, damaged walls, and outdated fixtures and fittings throughout. The property also appears to benefit from a small yard. The average property price in the area is significantly higher at £132,788, with an average price per square foot of £174. Nearby comparable properties range from £7,000 to £80,000, suggesting a wide range of values in the immediate vicinity. The location is close to several train stations and schools, which could be considered positive factors. However, the condition of the property and the need for extensive renovation work are significant drawbacks. Given the considerable renovation costs likely required, the listed price may appear low compared to the average price in the area. However, the actual value after renovation is difficult to estimate without knowing the extent of the work needed. Therefore, it is difficult to determine if the property is a good value for money.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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