COUSINS ESTATE AGENTS says ..

Property Oracle says ..

The property is a 2-bedroom apartment located in Miles Platting & Newton Heath, Manchester, with a list price of £125,000. The apartment has a size of 381 sqft and a plot size of 321 sqft. The area has an average house price of £908,913 and an average price per sqft of £505. This is significantly higher than the list price of the apartment and suggests that the apartment may be underpriced, especially considering the average price per sqft in the area. However, it’s important to note that the average house price may be skewed by larger properties and doesn’t directly reflect the value of a smaller apartment. The nearby listings show a range of prices, with some properties significantly more expensive than the listed apartment. This could indicate that the apartment is priced competitively within its immediate vicinity, although the lack of sqft data for the nearby listings makes a direct comparison difficult. The proximity to several schools with good Ofsted ratings is a positive factor for families. The nearby train stations provide convenient access to public transportation. Based on the images, the apartment appears to be in good condition. The décor is modern and the property seems well-maintained. There is no obvious evidence of significant repairs or renovations needed. The apartment is small and compact, but it appears functional and suitable for a small family or couple. The lack of information on garden space prevents a definitive assessment of the land aspect. In summary, while the average house price in the area is significantly higher than the list price of this apartment, the competitive pricing of similar properties in the immediate vicinity, along with the good condition of the apartment and its convenient location, suggest that the list price of £125,000 could represent reasonable value for money, especially for a buyer looking for a smaller, well-maintained apartment in a convenient location. Further investigation into the specific details of comparable properties would provide a more precise assessment.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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