Cooke & Company says ..

Property Oracle says ..

This one-bedroom flat located on Warwick Street in Leigh, Greater Manchester, presents a mixed bag of opportunities and challenges. Its most attractive feature is its proximity to the Bridgewater Canal, which provides picturesque views. The location also benefits from relatively close proximity to schools and transport links. However, this is tempered by Leigh not being a high-demand area for all buyers.

The property’s condition is a major concern. The supplied photos showcase considerable wear and tear, outdated fixtures, and apparent issues with damp and mold. A substantial renovation budget would be required to bring the property up to a modern, habitable standard. The photos show outdated decor, fittings and finishes. Significant repairs may also be required to flooring, walls and ceilings. The kitchen and bathroom are particularly concerning.

The small garden, as seen in the images, offers a little outdoor space, but lacks any significant features. While its size is not overly detrimental, it’s nothing to be exceptionally excited about. The land is functional, but doesn’t greatly enhance the property’s overall value.

Considering the property’s condition and the need for extensive renovation, the asking price of £79,950 could be seen as relatively reasonable. This is supported by the average property price for Warwick Street, though other properties in Leigh may be different. This assumes no unexpected structural issues are discovered during an inspection, but should a buyer factor in the significant costs of bringing this property up to a modern standard, its value proposition may change significantly. Potential buyers should carefully consider the overall financial implications before making an offer.

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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