Reeds Rains says ..

Property Oracle says ..

The property is a two-bedroom terraced house located on Stanhope Street in Reddish South, Stockport. The list price is £150,000, and the property has 856.81 square feet of living space. The location is positive, with several primary schools within a short distance, all rated ‘Good’ or ‘Outstanding’ by Ofsted. Reddish South train station is also conveniently close by, providing easy access to public transportation. However, the property itself lacks a garden. Based on the provided images, the property appears to be in need of significant renovation. The interior shows signs of wear and tear, including damaged walls, outdated fixtures, and worn carpets. A full refurbishment would likely be required to bring the property up to modern standards. Considering the average house price in the area is £273,113 and the average price per square foot is £295, the list price of £150,000 for this property seems relatively low. However, this is likely due to the property’s condition requiring substantial renovation work. Nearby comparable properties on Stanhope Street have sold for between £110,000 and £229,000, but these properties may have been in different conditions. Therefore, while the price may seem low initially, the cost of renovation must be factored in to determine its true value.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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