Morgan H Lewis says ..

Property Oracle says ..

This three-bedroom, one-bathroom terraced property located on Bird Street, Ince, Wigan is listed at £125,000. The property has a total area of 868 sqft. Location: The property benefits from being within close proximity to Ince railway station (0.54km), providing convenient access to public transport links. Several primary schools with good Ofsted ratings are also located nearby, including St William’s Catholic Primary School (0.19km) and Ince Cofe Primary School (0.46km). This makes the property potentially attractive to families. However, the surrounding area’s average house price (£635,125) is significantly higher than the list price of this property, suggesting it might be located in a less desirable area compared to the average for Wigan. Further investigation into the specific characteristics of the immediate neighborhood would be beneficial for a complete assessment. Condition: Based on the provided images, the property appears to be in need of some modernisation and refurbishment. The interior features dated décor, carpets, and wallpaper. While the kitchen seems to have been recently updated, other areas require attention. The overall condition is not poor, but significant cosmetic improvements would enhance its appeal and value. Land: The property’s plot size is 868 sqft, which is equal to the property’s size. This suggests there is minimal or no garden space. Price: The list price of £125,000 is considerably lower than the area average of £635,125. However, the average price per sqft in the area is £509, while this property’s price per sqft is significantly lower. Considering its condition and the lack of a garden, the price may reflect the need for modernisation and the smaller plot size. The lower price compared to nearby similar properties requires further analysis to determine if it is a fair market value or if there are other factors influencing the price, such as the property’s condition or potential issues not visible in the photos. A comparative market analysis (CMA) of recently sold comparable properties in the immediate vicinity would provide a more accurate assessment of the property’s value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images