Cheshire Lamont says ..

Property Oracle says ..

This property listing presents a unique investment opportunity: a Grade II listed former mansion house in Sandbach, Cheshire, converted into seventeen individual apartments, all currently tenanted. The location in Sandbach offers the convenience of a historic market town with its amenities, while the property’s position suggests a degree of tranquility.

The photographs reveal a property that has undergone renovations, showcasing modern kitchens and bathrooms, however, with some decor in a neutral or simple style. Original features such as wooden paneling and fireplaces add character and may appeal to buyers seeking a property with a blend of old and new.

The absence of precise plot size and detailed rental income information presents a limitation in thoroughly evaluating the investment potential. The provided list price of £2,700,000 is contextually consistent with other similarly large-scale residential investment properties in the area, although without further breakdown of individual unit value, the overall value for money as an investment opportunity is difficult to definitively assess. The lack of individual apartment details, for instance, individual sqft size, creates a barrier to a more targeted analysis.

Potential buyers or investors should seek further information on the following key points:

• Individual apartment details: Precise square footage, layouts, and finishes for each apartment would allow a more thorough assessment of value.
• Rental income: A detailed breakdown of rental income per apartment, along with lease terms and projected income, is essential for an accurate investment valuation.
• Maintenance costs: Information on ongoing maintenance, insurance, and potential future repair costs associated with managing a property of this age and size is crucial for determining profitability.
• External Space: The description doesn’t clarify what external space, if any, is available. This is a considerable factor when assessing the potential value of this property.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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