Bridgfords says ..

Property Oracle says ..

This maisonette is located in Stockport, Greater Manchester, and is on the market for £110,000. The property is a one-bedroom, one-bathroom maisonette with a total area of 413.23 sqft and a plot size of 452.08 sqft.

The property is in need of significant renovation. The walls show significant damage and dampness, and the flooring is worn. The kitchen and bathroom are outdated and require complete refurbishment. The garden, while present, appears overgrown and unkempt.

The location is reasonably convenient, with several primary schools within a kilometer radius, including Adswood Primary School and Cale Green Primary School, both rated ‘Good’ by Ofsted. Several train stations are also within reasonable proximity, offering access to Stockport and other areas. However, the average house price in the area is considerably higher than the listing price of this property, suggesting that the location, while not undesirable, is not a significant factor in the property’s value given its current condition.

Given the property’s condition, the list price of £110,000 may appear reasonable for a buyer willing to undertake a substantial renovation project. However, the average price per square foot in the area is £323, and this property is significantly below that average. The considerable renovation needed must be factored into any assessment of value. The lack of comparable properties with similar sqft and condition makes a precise price comparison difficult. However, the low price reflects the extent of the work required.

The property benefits from having a garden, although it requires significant attention.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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