Ascend says ..

Property Oracle says ..

This one-bedroom apartment in central Liverpool is being sold via auction with a guide price of £50,000. The property’s location is a key selling point, given its proximity to Liverpool Lime Street Station and various educational institutions. This makes it potentially attractive to students or young professionals. However, the lack of details regarding the property’s square footage and plot size limits a full assessment. The interior photos depict a functional but relatively basic apartment, needing some updating to enhance its appeal. The description mentions that the property is marketed as ‘Investment Only’ and is part of a modern method of auction. This is an important aspect to note and prospective buyers should thoroughly understand the implications involved in an auction purchase. The low asking price might be attributed to factors beyond the property’s condition, such as leasehold arrangements, or the need for repairs and renovations. Overall, it is crucial for potential buyers to undertake due diligence, including a comprehensive property survey, before making a decision, considering its condition, tenure, and any possible limitations prior to bidding. The central location and proximity to transport links offer potential for capital appreciation, but potential buyers should carefully assess the risk-reward profile associated with purchasing this property.

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

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