One of the biggest benefits of buying a doer-upper home is that they can often be bought for a much cheaper price with the potential of adding lots of value to it. Although these types of properties require a lot more work than a new build would, you are likely to reap the reward when it comes to selling it in the future.
A quaint three-bed terraced house has just come on the market in Rochdale for a bargain price of £160,000 - and estate agents say it offers 'huge potential'. The stone-built character property is in need of a full renovation but is expected to attract a 'high level of interest' due to its sought-after location.
The 'exciting project' has been chosen as our Property of the Week by our MEN property journalist, who picks a different home that is up for sale across the region whether that be for its eye-catching interior, reasonable price or desirable location.
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Listed for sale on Zoopla on May 15, the attractive property is found in Littleborough, a pretty town nestled in the foothills of the picturesque south Pennines.
Littleborough's stone-built town centre is a designated conservation area because of its special architectural qualities, and it also hosts the 130-acre reservoir Hollingworth Lake.
The average house price in the town was £239,265 over the last year, which has gone up by 13 percent on the previous year and 24 percent up on the 2020 peak of £193,203.
As the area has become more desirable with house prices climbing, this £160,000 end-terrace house could be considered a bargain.
Inside it offers an abundance of charm with many original features throughout including parquet flooring and cast iron fireplaces.
The house currently appears to be rather dated and lacking personality, but once renovated it has the potential to make a lovely family home.
On the ground floor there is an entrance hall, lounge with a bay window, dining room and a galley-style kitchen, which could be combined to make a open-plan kitchen dining area, and a rear porch.
There are three bedrooms upstairs, two which are double bedrooms and one smaller space ideal for a home office, as well a family bathroom.
Outside the property has a cottage-style garden to the front with lovely communal gardens and a private enclosed yard to the rear.
The house also benefits from having no onward chain.
Estate agents Hunters say: "An exciting project opportunity has come to the market in one of Littleborough’s most sought after central locations.
"This stone built character end property is in need of a full renovation, but offers an abundance of charm and huge potential to create a wonderful home.
"The position of this home is ideal for those looking for a central location with everything within walking distance, including schools, shops, the train station and the local parks yet tucked away to provide more of a secluded feel.
"Call now to arrange your viewing as we are expecting a high level of interest in this home."
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