Petty Estate Agents Ltd says ..

Property Oracle says ..

This two-bedroom terraced house in Burnley, Lancashire, presents a mixed bag for prospective buyers. The location is its strong suit; reasonably close to schools, train stations and local shops. The proximity to well-regarded schools (Holly Grove School and Barden Primary School, both with ‘Good’ or ‘Outstanding’ Ofsted ratings) is appealing to families. The nearby train station offers convenient access to other towns and cities, making it accessible to commuters.

However, the property’s condition is a significant factor. The photos reveal several areas requiring attention: cosmetic updates are needed throughout; walls show signs of dampness and wear; and the kitchen and bathrooms look dated and could benefit from a complete overhaul. The lack of a garden is another drawback, fairly typical for a terraced property of this type in a built-up area, but still something to note.

The asking price is relatively in line with comparable properties in the immediate vicinity. However, potential buyers must budget for significant renovation costs. While this adds to the initial investment, a thorough refurbishment would substantially increase the property’s value and livability. Ultimately, the property could be considered a sound investment, particularly for someone looking to undertake a renovation project and potentially add value over time. Given the investment required in renovation and lack of exterior space, prospective buyers should carefully assess their budget, renovate experience, and overall willingness to undertake a fairly substantial refurbishment prior to purchasing.

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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