Dwell & Co says ..

Property Oracle says ..

This five-bedroom, five-bathroom property located on Wigan Road in Leigh, Greater Manchester, presents as a potentially lucrative investment opportunity, particularly for those interested in the HMO (House of Multiple Occupancy) market. The property’s recent refurbishment is evident in the clean, modern aesthetic shown in the provided photographs. The location offers access to essential amenities such as schools (several within a mile radius boast ‘Good’ or ‘Outstanding’ Ofsted ratings), and transport links (several train stations are within a reasonable distance). However, it is important to note the lack of information regarding the property’s square footage and plot size, which makes a comprehensive valuation challenging. The absence of details on the garden and exterior necessitates a cautious evaluation. The property’s location in Leigh West might be perceived as less desirable compared to some more affluent areas of Greater Manchester; and while the £180,000 listing price is arguably competitive considering its potential as a rental property, the lack of detailed property specifics prevents a conclusive assessment of its true value. A thorough survey and a detailed inspection of all aspects of the property, including the external structure, garden area (if any), and the overall compliance with all legal requirements for HMOs, is strongly advised before making a purchase decision. Additionally, detailed financial projections for potential rental income should be prepared, factoring in all relevant expenses and potential risks.

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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