Peter Anthony says ..

Property Oracle says ..

The property is a 1-bedroom apartment located in Stockport, Greater Manchester. The apartment is situated on Glenfield Road, Reddish South, close to Wellington Road North. The location is reasonably convenient, with Heaton Chapel train station approximately 1.04km away, providing access to Manchester and other areas. Several primary schools are within a reasonable distance, including All Saints Church of England Primary School (rated ‘Good’ by Ofsted) and Moat House (rated ‘Outstanding’). The proximity to these schools could be a positive factor for families or investors targeting the rental market. However, the immediate surrounding area appears to lack a significant amount of local amenities. Based on the provided images, the property appears to be in need of modernisation. The décor is dated, and some areas show signs of wear and tear. The kitchen and bathroom are particularly outdated and would likely require significant investment to bring them up to a modern standard. The overall condition suggests a considerable amount of work would be required to improve the property’s aesthetic appeal and functionality. The plot size is listed as 0.00 sqft, indicating a lack of private outdoor space. This is a significant drawback, especially when compared to other properties in the area which often include gardens. Considering the list price of £115,000, the average property price in the area (£273,113) and the average price per sqft (£295), this property seems significantly underpriced. However, the property’s condition and lack of outdoor space must be taken into account. The significantly lower price may reflect the extensive renovation required. A detailed survey and costings for renovations would be necessary to determine the true value for money. The low price may also be due to the property being an apartment, and the smaller size compared to other properties in the area.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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