Macgregor says ..

Property Oracle says ..

This property, located on Manor Place in Edinburgh’s City Centre, presents a unique opportunity and considerable challenges. The address alone suggests significant potential due to its prime location within a highly sought-after area known for its Georgian architecture and proximity to amenities. However, the extremely low list price of £25,000 raises immediate concerns. The images reveal a property in apparent disrepair; the condition seems to require substantial renovation work. The available land appears minimal, mostly consisting of a designated parking space within a shared area, and there is no apparent private garden.

Nearby property listings show prices significantly higher, ranging from hundreds of thousands to over two million pounds, reflecting the typical value of properties in this prestigious area. The vast discrepancy between the list price and the market value in the area necessitates further investigation. It is highly likely that the low price reflects the need for extensive repairs and renovations, possibly even the need for a complete rebuild or redevelopment of the property.

Potential buyers need to approach this property with caution, commissioning thorough surveys and assessments to evaluate the full extent of the required works and realistic costs before making an offer. While the location provides significant appeal, the property’s condition and the significant financial investment required to bring it to a habitable standard must be carefully considered. The lack of information regarding square footage and plot size hinders a definitive analysis, further highlighting the need for additional detailed information before a realistic assessment of its value can be made.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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