Lomond Investment Management says ..

Property Oracle says ..

This property in Ardwick, Manchester, is presented as a residential investment opportunity comprising eight self-contained apartments across four floors. The total area is significant at approximately 4,271 sq ft, offering a substantial rental income potential. The interior appears relatively modern and well-maintained in the provided photographs, although some minor upgrades may enhance its appeal to tenants. The exterior is in satisfactory condition, although some external landscaping could enhance the overall presentation. The location in Ardwick offers good transport links to Manchester city centre and several well-regarded schools within reasonable proximity. However, Ardwick is not regarded as a top-tier residential area in Manchester, which might affect the rental yields and the ease of filling vacancies. The property’s lack of extensive private land and the absence of detailed pricing per sq ft for comparable properties make it challenging to definitively assess its value. The listed price is high, however given similar listings nearby it does sit within reasonable range. Therefore, the overall value proposition hinges significantly on its suitability for the investment market. Careful due diligence on rental market dynamics and anticipated maintenance costs is crucial for prospective buyers to accurately gauge the ROI and long-term financial viability.

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

Images