Julian Wadden says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom apartment located on Mill Road in Macclesfield, Cheshire. It’s listed at £115,000 and has a floor area of 697.93 sqft. The apartment appears to be located in Macclesfield Central, which is convenient given its proximity to Macclesfield train station (0.80 KM), providing access to Avanti West Coast services. Several primary schools are within a reasonable distance, including Parkroyal Community School (rated ‘Good’ by Ofsted) at 1.46 KM. Based on the provided images, the apartment’s condition appears to be acceptable but could benefit from some modernisation. The property shows signs of wear and tear, particularly in the living area and kitchen. The bathroom appears to be in reasonable condition. The lack of outdoor space is a notable drawback. The list price of £115,000 is significantly lower than the average house price in the area (£210,271). However, the average price per sqft of £281.00 is not directly comparable due to the lack of sqft data for the nearby properties. The significantly lower price may be justified by the smaller size and lack of outdoor space, but further investigation into the specific condition and any potential issues is recommended to fully assess value. The property’s conversion from industrial use may also influence the price. Considering the property’s location, condition, and lack of land, the price may represent reasonable value for a first-time buyer or investor, though a thorough survey is strongly advised.

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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