Enormous eight bedroom ‘substantial’ property for sale is just £70,000 – why so cheap?

A property for sale in Blackpool has been listed on Zoopla for just £72,950.

Listed by Tiger Sales and Lettings, the home has a whopping eight bedrooms.

While the end of terrance house looks modest from the front, it goes back a long way.

The property is on Withnell Road, Blackpool.

The former guest house is described as an “investment” and would make a great hotel or just a large family home.

The listing reads: “If you’re looking for something generous in size and a project in the making then look no further.

“This substantial eight bedroom de-registered guest house has so much to offer.”

It went on: “Positioned a short walk from the famous Blackpool Promenade and handy for all local shops and amenities.

“Briefly comprising on the ground floor of two reception rooms, generous kitchen, two bedrooms, hallway with under stair storage.”

There are six bedrooms upstairs with a bathroom and a separate toilet.

It boats a low maintenance courtyard with secure double gates allowing room for off road parking.

So why is it so cheap?

The listing reveals “full modernisation is required through out, making an ideal investment/buy to let opportunity.”

Images of the home show a large hallway with a bright red patterned carpet.

The huge living room has wooden panelling, with a pink ceiling. It is clear the property needs updating.

Another property for sale, a four bedroom house with three floors, has been listed for £75,000.

Situated in Sherfod, the home has been put on the market for Lang Town & Country Land & New Homes.

The average home in the area sells for £226,404, so why is the property so cheap?

The listing reads: “A lovely four bedroom, three storey, end of terrace family home, with the benefit of an allocated parking space.

“This property has been designed with modern living in mind.”

source: express.co.uk