Auction House says ..

Property Oracle says ..

This property at 31 West End Road, Morecambe, is a substantial terraced house presented for sale via online auction. Its size is notable at 2,398.95 square feet, offering potential for a significant dwelling once renovated. The location in Morecambe, near the harbour and with close proximity to schools and transport links, makes it reasonably attractive from a locational perspective. However, the property’s current condition is a serious drawback. The photographs reveal extensive damage and disrepair requiring extensive and costly refurbishment to make it habitable. The absence of information regarding land size, and a significant lack of comparable property sales data in the immediate vicinity, hampers accurate valuation. The lack of bathrooms and bedrooms indicated in the initial data points to the need for a substantial rebuild. The list price of £165,000 should be viewed cautiously, factoring in the considerable renovation costs needed. Prospective buyers need to budget significantly over the list price to make this a functional residence. Ultimately, this property’s viability hinges entirely on a buyer’s assessment of their renovation capability and associated costs against the potential future value. This property’s success as a profitable venture would be very reliant on the buyer’s ability to accurately assess and manage renovation 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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