Pure Investor says ..

Property Oracle says ..

The property is a 5 bedroom, 1 bathroom house located on Anglesey Road in Ashton-Under-Lyne. The property has recently undergone a full refurbishment, as seen in the provided photographs. The kitchen and bathroom are modern and appear to be in excellent condition. The bedrooms are also newly decorated and carpeted. The property benefits from a small rear yard, which is paved and enclosed by fencing. While not extensive, it provides some outdoor space. Given its location in Ashton-Under-Lyne, the property is within reasonable distance of Ashton-Under-Lyne train station (1.67km) providing access to Manchester and other areas. Several primary schools are also within close proximity, including Canon Burrows Cofe Primary School (0.05km), which is rated as “Outstanding” by Ofsted. The list price of £245,000 is considerably lower than the average house price in the area (£607,770). However, the property is significantly smaller than the average property size (100 sqft vs 95,289 sqft), and the average price per sqft (£6.00) is not directly comparable due to the extreme difference in size. The property’s suitability as a HMO (House of Multiple Occupancy) is supported by a nearby comparable property achieving rental income between £30,000 and £33,000 annually. Considering the recent refurbishment, the location, and potential rental income, the list price may represent good value for a buy-to-let investor. However, a full structural survey is recommended to assess any potential underlying issues.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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