Edward Mellor Ltd says ..

Property Oracle says ..

This one-bedroom flat in New Islington, Manchester, presents a mixed bag of advantages and drawbacks. Its location in a regenerating area near schools and transport links is appealing, suggesting potential for capital appreciation and rental income. The flat itself, as seen in the photos, seems functional but requires some modernisation to enhance its appeal. The kitchen and bathroom specifically appear dated. The limited information provided does not allow an accurate evaluation of the square footage but the provided lease information indicates this would be suitable for cash buyers or investors only. The absence of a private garden and the short lease of only 67 years might discourage some potential buyers, while the cash-buyers-only condition restricts the pool of potential purchasers. Overall, it presents a decent investment opportunity, specifically to those with cash available and comfortable with properties with less than 100 years of lease remaining. Further investigation of comparable properties sold in the area to determine an appropriate price per square foot is warranted along with a full professional survey to identify any structural issues not visible in photos or mentioned in the provided listing. The property would likely require a degree of renovation to increase its market value and attractiveness to a wider buyer pool.

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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