Sutherland Reay says ..

Property Oracle says ..

This nine-bedroom property at 36-38a Thornsett, Birch Vale presents a unique investment opportunity, but with significant caveats. The property is situated in a peaceful hamlet within easy reach of New Mills, offering access to train links and amenities. The proximity to Thornsett Primary School makes it attractive for families. The exterior of the house appears to be well maintained, it’s constructed from stone and blends in with the character of the area. However, the interior necessitates a complete overhaul. The photos reveal various rooms showing wear and tear, outdated décor and finishes, and several areas needing repairs to walls and ceilings. Kitchens and bathrooms are in need of modernisation. While the property has many bedrooms, the lack of information on square footage makes it difficult to assess the true price per square foot against market values in similar locations. Furthermore, the available land is a positive. The property has a substantial garden, offering space for outdoor enjoyment and perhaps development. Overall, this is a property requiring extensive renovation. The high asking price suggests a buyer would need to factor in substantial costs to bring the property to a habitable standard, before potentially realising any return on their investment. A thorough survey and detailed costings of renovations are crucial before making a purchase 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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