Henry Wiltshire says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment located in the Spinning Mill, Lower Vickers Street, Manchester, M40 7XG. The apartment is 842.81 sqft and is listed at £245,000.

The property appears to be in excellent condition based on the provided images. The kitchen and bathrooms are modern and well-maintained, and the overall aesthetic suggests a recently renovated or new build apartment.

The location is close to several primary schools, including Park View Community Primary School (rated ‘Good’ by Ofsted) and Collyhurst Nursery School (rated ‘Outstanding’). Several train stations are within a reasonable distance, providing convenient access to Manchester city centre. However, the surrounding area’s average property prices are significantly higher (£908,913) than the listed price of this apartment, which may indicate a lower desirability of the immediate vicinity. More information on local amenities and the overall atmosphere of the neighbourhood would be needed for a comprehensive location assessment.

The property has no associated land, which is typical for an apartment.

Considering the average price per sqft in the area is £505, and this apartment is listed at a price suggesting approximately £290 per sqft, the price seems reasonable, especially given its modern condition and proximity to transport links and schools. However, the significant disparity between the list price and the average house price in the area warrants further investigation into the specifics of the local market and any factors that might depress property values in the immediate vicinity of the Spinning Mill. A more in-depth analysis of comparable properties within the immediate area would provide a more accurate assessment of the property’s value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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