Auction House says ..

Property Oracle says ..

This two-bedroom terraced house in Preston, Lancashire, is currently listed for £55,000 and is being sold through online auction. The property’s location in Preston offers proximity to several schools which have received good and outstanding Ofsted ratings (St Joseph’S Catholic Primary School, Ribbleton Avenue Infant School, Ribbleton Avenue Methodist Junior School, Preston Muslim Girls High School, Eden Boys’ School), suggesting a family-friendly area. Furthermore, its proximity to Preston train station (3.39 km) provides convenient access to public transportation. However, the provided photographs reveal that the property is in a significantly poor state of repair and requires extensive renovation throughout. All rooms shown indicate the need for complete refurbishment, affecting all interior fixtures and finishes. The kitchen and bathroom appear especially dated and in need of modernization. Crucial information such as the property’s square footage and plot size are missing, making a comprehensive assessment of value per square foot impossible. Although the list price is relatively low compared to some nearby properties, the extensive renovation costs need to be factored in when considering the overall value for money. Therefore, potential buyers must carefully weigh the cost of refurbishment against the potential future value of the property. In conclusion, this property presents an opportunity for a buyer willing to take on a substantial renovation project in a potentially desirable location.

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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