Peter Anthony says ..

Property Oracle says ..

This terraced property located on Jessop Street, Gorton, Manchester is listed at £120,000. The property is in need of significant modernisation and renovation. The interior images show considerable wear and tear, damaged walls and ceilings, and outdated fixtures and fittings. While the exterior presents as a typical terraced house in the area, the internal state suggests a substantial amount of work will be required to bring it up to a habitable standard. The property’s plot size is listed as 0.00 sqft, indicating a lack of garden space.

The average house price in the area is significantly higher (£908,913), and the average price per sqft is £505. However, this average is likely skewed by larger, more modern properties. Considering the property’s condition and the lack of land, the asking price of £120,000 might appear reasonable for a buyer looking for a renovation project in this location, but it’s important to factor in the extensive renovation costs.

The location benefits from proximity to several primary schools with good Ofsted ratings, and multiple train stations are within a reasonable distance, providing good transport links. However, the area’s average house prices are notably higher than the listed property, suggesting that the property may be undervalued, but this is offset by the considerable renovation needed.

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

Images