The list price of £130,000 seems relatively reasonable considering the average price of other properties on Melbourne Street and the current need for complete modernisation. However, the significant renovation costs needed to bring the property to a modern standard mean that the true cost of ownership will be considerably higher, making it a riskier and less certain value proposition than a property in better condition.

The provided photographs clearly show the property is in need of significant renovation. The interior is dated, dirty, and displays signs of considerable wear and tear. While structurally sound, it requires a substantial investment to bring it up to a modern, habitable standard.

The property is situated in Reddish, Stockport, which benefits from relatively good transport links via train stations (Reddish South and Reddish North being within a kilometer) and is also close to several schools, some of which have good Ofsted ratings. The proximity to amenities within Reddish village itself adds to its locational appeal. However, it’s important to note that Reddish might not be considered a prime location compared to some other areas in Greater Manchester, hence the score isn’t a 10.

The property has a small rear garden. This is not large and requires significant work to be usable. The presence of a garden is beneficial but its current state and limited size restrict the land score.