PLM says ..

Property Oracle says ..

This property at 8 St. Leonards Avenue, Lostock, Bolton, is listed for £499,950. It’s described as a detached bungalow with the potential for modernisation or redevelopment. The listing highlights the opportunity to create a custom home. The area is well-regarded, with nearby schools receiving ‘Good’ Ofsted ratings and convenient rail links to Horwich Parkway. However, the images reveal the property is currently undergoing or scheduled for extensive renovation. The architectural plans detail a substantial extension and remodelling. Therefore, the current market value may not reflect the £499,950 asking price. A thorough survey and assessment would be needed to determine the actual cost of completion. Nearby properties on St Leonards Avenue show a range of prices, some considerably lower, while others are higher but usually larger. The lack of square footage data for the comparable properties is a limitation in accurate evaluation. The existence of a garden is positive, but the lack of precise plot size makes evaluating the land value challenging. In summary, the property’s potential value after the renovation is likely to be more accurately reflected in the final price than the current list price. Buyers should factor in the substantial costs and time involved in the renovation before making a decision.

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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