Farrell Heyworth says ..

Property Oracle says ..

This five-bedroom mid-terrace property in Morecambe, Lancashire, presents a mixed bag of pros and cons. Its central location offers convenient access to local shops, schools (including a couple with good Ofsted ratings), and Morecambe train station. The property’s five bedrooms could make it suitable for a family or as a rental investment opportunity (though the condition would need to be addressed before renting).

However, the provided images reveal a property needing significant cosmetic and perhaps some structural updates. The kitchen and bathrooms look outdated and in need of modernisation, which would need considerable investment. Additionally, the lack of a sizeable garden or outside space is a drawback.

The price of £185,000 sits within the range of similar properties in the area, but the required renovations mean that potential buyers should factor in refurbishment costs before making an offer. Given the property’s condition and small outside space, the price may not be exceptionally competitive unless buyers plan on extensive modernization, which would improve both its value and its livability. In its current state, the property presents more of a renovation project than a move-in-ready home. Thorough inspections before purchase are recommended. Potential investors should weigh the renovation costs against the potential rental income for a complete financial assessment.

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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