McGowan Homes says ..
FOR SALE VIA AUCTION STARTING BID £60,000 terms and conditions apply. Tenanted one bedroom apartment on the 7th floor of Tower 4 Lakeside Rise. Currently tenanted at £525PCM The accommodation briefly comprises Kitchen/living room and bathroom/WC. Electric heating and allocated parkin...
Property Oracle says ..
This property is a one-bedroom apartment located within the Lakeside Rise development in Higher Blackley, Manchester. The apartment is being offered for sale via auction with a starting bid of £60,000. The provided images showcase a compact living space, including a kitchen, living area, bedroom, and bathroom. While the apartment presents itself as habitable, the photographs suggest that some aspects of the interior could benefit from renovation or modernisation to increase its aesthetic appeal and market value. The location benefits from its proximity to Heaton Park and is within reasonable distance of public transport links, and various schools with different Ofsted ratings. However, the lack of precise details regarding amenities and the surrounding neighbourhood makes a full assessment more challenging. The price point, being a starting bid at auction, presents both an opportunity and a degree of risk. Prospective buyers need to consider any associated costs including legal fees and potential repair costs. Given similar properties in the area are priced notably higher, it would be critical to attend the auction and assess the competition. This property is likely to attract investors or those looking for a more affordable entry point into the Manchester property market, bearing in mind the inherent risks of purchasing at auction.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 6
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 1
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Metrics Year-on-Year
- Average area value
- 480,222.00 £Decreased by 47.72 %
- Average area rental value
- 1,868.00 £/moIncreased by 9.11 %
- Est rental Yield
- 4.67 %Increased by 108.48 %
- Crime Rate
- 0.00 %
Agent Activity
McGowan Homes created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Crab Lane Primary School | Community School | Good | 0.66 KM |
| Bowker Vale Primary School | Community School | Good | 0.93 KM |
| Crumpsall Lane Primary School | Community School | Requires improvement | 1.03 KM |
| Crumpsall Sure Start Children'S Centre | Children's Centre | 1.45 KM | |
| Cravenwood Primary Academy | Academy Sponsor Led | Good | 1.48 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Glandford Avenue | £ 0 | 0 | 0.00 KM |
| Churchdale Road | £ 0 | 0 | 0.00 KM |
| Weardale Road | £ 285,000 | 0 | 0.00 KM |
| Birch Road | £ 230,000 | 0 | 0.00 KM |
| Westbury Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manchester Victoria | 2970 | MCV | 4.44 KM |
| Salford Central | 2798 | SFD | 5.27 KM |
| Manchester Piccadilly | 2968 | MAN | 5.56 KM |
| Manchester Oxford Road | 2966 | MCO | 5.92 KM |
| Deansgate | 2963 | DGT | 6.08 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Lakeside Rise, Blackley | £ 60,000 | BUY | 4 / 10 | 0.00 KM |
| Lakeside Rise, Manchester, Greater Manchester, M9 | £ 170,000 | BUY | 6 / 10 | 0.01 KM |
| Lakeside Rise, Manchester, M9 | £ 110,000 | BUY | Unknown | 0.07 KM |
| Lakeside Rise, Manchester, M9 | £ 95,000 | BUY | Unknown | 0.07 KM |
| Lakeside Rise, Manchester, M9 | £ 115,000 | BUY | 6 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 35 Lakeside Rise | £ 110,751 | 0.08 KM |
| 23 Lakeside Rise | £ 110,751 | 0.14 KM |
| 28 Lakeside Rise | £ 110,751 | 0.14 KM |
| 9 Glanford Avenue | £ 82,000 | 0.16 KM |
| 70 Riverdale Road | £ 115,000 | 0.17 KM |