Edward Mellor Ltd says ..

Property Oracle says ..

The property located at Jevington Walk, Ardwick, Manchester, is a three-bedroom terraced house listed at £200,000. The property is in need of significant renovation. The property’s location in Ardwick, Manchester, places it within reasonable proximity to several amenities. Ardwick train station is less than a kilometer away, providing convenient access to Manchester Piccadilly and other transport links. Several primary schools are also within walking distance, although their Ofsted ratings vary. The area’s average house price is considerably higher than the listed price of this property, suggesting potential for future value appreciation once renovated. However, it is important to note that the average house price in the area is significantly higher, with an average price of £908,913 and an average price per square foot of £505. This discrepancy should be considered when assessing the property’s value. Based on the provided images, the property is in poor condition and requires extensive renovation. The interior shows significant wear and tear, including damaged flooring, walls, and fixtures. The kitchen and bathroom are particularly dated and require complete modernization. This extensive need for renovation significantly impacts the property’s current value. The property’s plot size is listed as 0.00 sqft, indicating a lack of garden space. This is a factor that may affect desirability for some buyers. Considering the property’s condition, the lack of land, and the significant renovation required, the listed price of £200,000 appears to be relatively low compared to other similar properties in the area. However, the considerable work needed should be factored into any potential purchase decision. The average price per square foot in the area is £505, while this property is listed at a much lower price per square foot, reflecting its current condition. The lower price may be attractive to investors or buyers willing to undertake a full renovation project.

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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