Brian Pilkington says ..

Property Oracle says ..

The property is located in Chorley Old Road, Buckshaw & Whittle, Chorley, Lancashire. The area benefits from relatively close proximity to several primary schools, all with a “Good” Ofsted rating. Train stations such as Buckshaw Parkway are within a reasonable commuting distance. The property itself is a stone-built terraced house that requires extensive renovation. The interior photographs show that the property is in a poor state of repair, with exposed brickwork, unfinished flooring and a general lack of fixtures and fittings. The property does appear to have a small yard area to the rear, although its size is not specified, and it’s not clear if this constitutes a garden. Considering the average house price in the area is significantly higher (515,185) than the list price of this property (110,000), and given the extensive renovation needed, the list price may appear attractive initially. However, the significant cost of bringing the property up to a habitable standard must be factored in. The average price per square foot in the area is 553.00, while the price per square foot for this property is considerably lower, suggesting that the list price reflects the property’s current condition and the need for substantial investment. The lack of bathroom facilities also impacts the overall value. Nearby comparable properties are listed at considerably higher prices, reflecting the difference in condition and possibly size.

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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