The asking price of £75,000 seems reasonably competitive given the current market conditions in the area, particularly in light of comparable properties listed at higher prices. However, the need for substantial modernisation must be taken into consideration. The price reflects the property’s condition and location accurately. It could be considered good value for a buyer who is prepared to undertake renovations, but it’s not a steal.

Based on the provided photos, the property appears to be in fair condition but requires modernisation and updates. The decor is dated, and some areas show signs of wear and tear (e.g., the damp patch in one bedroom). While structurally sound, significant refurbishment would be necessary to bring it up to a modern standard. This warrants a score reflecting a need for investment.

The property is situated in St Matthew’s, Preston, which benefits from its proximity to various amenities such as supermarkets, schools, and Preston city centre. The presence of several highly-rated schools within a short distance is a significant plus for families. While not in the most affluent area, it enjoys good transport links and access to local facilities, making it a reasonably convenient location.

The property includes a small yard, which provides some outdoor space. However, it’s limited in size and not particularly appealing, lacking features like a lawn or attractive landscaping. Therefore, it doesn’t add significant value compared to properties with larger gardens.