Angela Burnett & Co says ..

Property Oracle says ..

This property is a barn conversion project located in Leyland, Lancashire, listed at £250,000. The barn requires a full renovation, as indicated by the provided images. The property has planning permission for conversion into a four-bedroom dwelling with a garage and gardens.

The location is a balance between rural tranquility and reasonable access to amenities and transport links. Train stations are within a reasonable commuting distance. Several primary schools are also nearby, a key consideration for families. The immediate area seems peaceful, though potentially lacking in local shops and services. The surrounding area comprises of a mix of property types and price points indicating a diverse residential landscape.

The land is a significant positive for the property; while the precise dimensions are not specified, the provided plans illustrate a substantial space compared to typical urban properties.

The asking price needs to be considered in the context of the significant cost and time needed to convert the barn. While the completed property is likely to hold considerable value given the size and location, the risk associated with the conversion is substantial, meaning the sale price will depend on the cost of the renovations.

Overall, this property presents a high-risk, high-reward proposition. The potential for considerable profit exists, but only for buyers with the resources and expertise to manage a large-scale renovation project. The current state of the building is poor, requiring a complete rebuild inside.

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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