McHugh & Co says ..

Property Oracle says ..

The property is a terraced house located in Salford, Greater Manchester. While the provided average house price in the area is significantly higher at £732,497, this figure may not be entirely relevant due to the lack of square footage information for the subject property and its neighbours. The average price per square foot of £606 could be useful if the property’s square footage were known. However, the absence of this crucial data makes a precise price comparison difficult.

Nearby comparable terraced houses on Rostherne Street itself range from £60,000 to £255,000, indicating considerable price variation within the immediate vicinity. Other nearby terraced properties show prices between £190,000 and £280,000. This wide range suggests that the list price of £125,000 may be at the lower end of the market, potentially reflecting the property’s condition.

The images reveal that the property is in need of significant modernisation and repairs. The interior shows worn surfaces, dated decor, and a general lack of maintenance. The exterior, while structurally sound, appears to be in need of repainting and general upkeep. The small, unkempt backyard further supports this assessment. Therefore, the condition of the property is significantly below average.

The property does benefit from a small yard, although its condition is poor. The proximity to several schools, including one rated “Outstanding” by Ofsted, and its reasonably close distance to several train stations, are positive aspects of the location.

Given the property’s condition, the lack of precise square footage data, and the wide range of prices in the surrounding area, it’s challenging to definitively assess the list price’s reasonableness. However, considering the necessary renovations, the list price of £125,000 might represent a relatively low price, potentially attractive to buyers willing to undertake significant improvements.

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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