Alistair Stevens Chadderton says ..

Property Oracle says ..

The property located on Long Lane, Oldham is a three-bedroom semi-detached house listed at £190,000. The property requires extensive renovation. The property benefits from being close to several primary schools with good Ofsted ratings, including Yew Tree Community School (0.52km) and Whitegate End Primary and Nursery School (0.62km). Kingfisher Special School (0.93km) is also nearby and has an outstanding Ofsted rating. The proximity to these schools is a positive aspect of the location. Several train stations are within a reasonable distance, offering convenient transportation links. However, the average house price in the area is significantly higher (£876,205), suggesting this property may be in a less desirable area compared to the average for Oldham. More information regarding local amenities and the specific character of the neighbourhood would be beneficial in providing a more comprehensive location assessment. Based on the provided images, the property is in extremely poor condition and requires extensive renovation work throughout. All rooms shown in the images require significant repairs and modernisation. The property appears to be stripped back to its shell in preparation for a full refurbishment. This significantly impacts its current value and liveability. The property has a garden, which is visible in the provided images. While the garden appears overgrown and in need of attention, its presence is a positive feature. However, the size of the plot is not specified, preventing a more detailed assessment of the land score. Given the property’s condition, requiring a complete renovation, and its location within a seemingly less desirable area compared to the overall average house price in Oldham, the list price of £190,000 may be considered reasonable. However, the lack of square footage information prevents a precise analysis of the price per square foot and a more accurate evaluation of its value. The average price per square foot in the area (£496) is not directly applicable given the property’s need for substantial renovation. A detailed cost estimate for the necessary renovations would be crucial in determining the true value and whether the asking price is reasonable.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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