Duncan Raistrick says ..

Property Oracle says ..

This three-bedroom terraced house located on Deepdale Road in Blackpool is presented as a renovation project. The property’s interior displays considerable wear and tear, requiring substantial modernisation work to bring it up to a livable standard. Visible features suggest dated decor, possibly smoke damage and overall disrepair. While the exterior shows a standard brick structure, some signs of neglect are visible. There is a garden, though it seems to require some attention.

The location in Blackpool is an important factor. Blackpool offers amenities and is relatively close to transport links. However, it’s also known for areas with lower property values and higher crime compared to more affluent towns. The presence of nearby schools with decent Ofsted ratings is a positive aspect for families.

The absence of square footage data makes a precise price-per-square-foot analysis impossible. However, comparing the listed price of £65,000 to nearby properties requiring similar renovations, the price is not unreasonable for a buy-to-let. It’s crucial for potential buyers to factor in substantial renovation costs, which could significantly increase the overall investment. A thorough survey before purchase is highly recommended. Buyers should be realistic and fully consider the risks and financial commitments of undertaking a renovation of this magnitude. This is a high risk, high reward property investment.

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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