McHugh & Co says ..

Property Oracle says ..

This three-bedroom property in Wigan, Greater Manchester, presents a unique investment opportunity. Located on Thompson Street, it benefits from being close to several primary schools (Canon Sharples C of E Primary School and Nursery, Douglas Valley Sure Start Children’s Centre, Douglas Valley Nursery School, St Catharine’s C of E Primary School, and St Patrick’s Catholic Primary School) all rated as either ‘Good’ or ‘Outstanding’ by Ofsted, providing convenient access to quality education. Its proximity to Wigan Wallgate, Ince (Manchester), and Wigan North Western train stations ensures good transport links.

However, the property is in a significantly poor state of repair. The provided photographs clearly indicate damp issues, wall damage, outdated fixtures, and an overall need for comprehensive renovation. The kitchen and bathrooms are basic and require updating. While the property has a small rear garden, it is currently overgrown and unkempt.

The list price of £40,000 is substantially lower than nearby properties, which is largely due to its condition and necessary renovation work. A prospective buyer should factor in significant costs for refurbishment, including plumbing, electrical work, damp proofing, plastering, and decorating. Whilst a buyer can create value through extensive renovations, the property requires significant time and financial investment. The absence of bathroom facilities is also noteworthy and represents a key element of renovation required. Careful consideration of these factors is vital before considering a purchase.

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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