As house prices continue to rise in areas across the county, the average price of a property in Lancashire now stands at just over £194,000.
According to property website, Rightmove, prices in Lancashire were up 9 per cent on the previous year and the most popular type of property seemed to terraced houses.
Britain’s property market boomed during lockdown thanks to pent up demand and a race for space.
Many eager property investors saw the pandemic as an opportunity to buy thanks in large part to the stamp duty holiday.
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This time saw a wave of “house flippers” i.e people who buy a home in need of improvement, refurbish quickly and look to sell it on within the next 12 months.
Now there’s more advice than ever out there for any one curious about purchasing a “fixer upper” house.
There’s a lot to think about when taking on an investment property however whether the project is for your dream home, a second home or to sell on.
For homes in need of a bit of love there are some great places to start.
The county’s diverse landscape is full of rolling countryside, dramatic moorlands and sandy beaches.
Location has a massive impact on house price so if you can find yourself a bargain in the beautiful corner of England and have the time and money to invest, you could find yourself with your forever home of a very lucrative form of passive income.
Here at LancsLive, we took a look at he diverse range of properties available across Lancashire from an old cottage to a former pub.
Some are simply just in need of modernisation whilst others are for the more brave who’d like to take on a full renovation project.
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