David Britton Estates says ..

Property Oracle says ..

This three-bedroom terraced house located on Old London Road in Penrith, Cumbria, presents a mixed bag of opportunities and challenges. The property’s strong points include its proximity to Penrith’s town centre, providing easy access to shops, amenities, and transportation links such as Penrith train station. Several schools are within walking distance, catering to families. However, the provided photographs highlight a need for significant refurbishment. The exterior shows signs of age and disrepair, suggesting both cosmetic and potentially structural work will be required. The small, overgrown garden also necessitates work. The listing states the property is in need of a full refurbishment and suitable for cash buyers only. While the asking price of £85,000 might initially seem attractive, potential buyers must factor in the substantial costs associated with renovation and any additional costs and complications that a flying freehold might incur. Potential buyers should seriously weigh the costs and challenges of renovation against its central location and potential for increase in value upon completion of significant work. The lack of precise square footage data for comparable properties in the area makes a definitive price comparison challenging. A full survey is advised before any commitment to purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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