Auction Estates Limited says ..

Property Oracle says ..

This listing presents a unique investment opportunity: the acquisition of ground rents for 166 leasehold houses in Tottington, Bury. The low list price of £36,000 suggests a potential for profit, but requires careful analysis. The lack of detailed information regarding individual property conditions, square footage, and plot sizes is a major drawback. While Tottington offers a desirable location with access to local amenities, schools, and transport links (though transportation distances would benefit from conversion to miles), the significant refurbishment/renovation potential for many or most of these properties needs careful evaluation before making any investment decisions. The average house prices in neighbouring streets indicate that this portfolio is very significantly under-valued if the properties were individually purchased. However, the lack of data regarding the individual properties suggests the sale is an unusual bulk sale of ground rent, which needs individual property assessment to fully understand the risk profile and potential return. Due diligence including surveys of the properties to assess the physical condition and valuation of the individual properties is needed, as are thorough checks on each leasehold agreement to understand the responsibilities and the future financial potential for rental income and future resale value. Due to the lack of data in the information provided this analysis cannot be comprehensive.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images