Edward Mellor Ltd says ..

Property Oracle says ..

This property, located at 14a Groby Road in Chorlton-cum-Hardy, Manchester, is listed for £85,000. The listing is for a plot of land with an existing garage, rather than a dwelling. It is essential to note that the property’s square footage and number of bedrooms and bathrooms are not specified.

The provided photographs reveal a significant need for refurbishment. The garden is heavily overgrown, and the exterior of the garage is weathered, indicating a lack of maintenance. The overall impression is one of neglect. Given this condition, a prospective buyer would need to factor in substantial renovation costs.

The location within Chorlton-cum-Hardy is a positive. The area is generally popular, benefiting from a good selection of local schools. The nearby presence of highly rated primary schools including Manchester Islamic Grammar School For Girls and Chorlton Cofe Primary School which has an Outstanding Ofsted rating, makes it a desirable location for families.

However, the property’s actual location on Groby Road might differ in desirability compared to other, more central parts of Chorlton. More information is needed to assess this aspect properly. The proximity to Manchester City centre is also a benefit, providing easy access to various amenities and employment opportunities. The lack of information on specific transport links makes it difficult to ascertain the ease of commute to other locations.

The plot of land offers potential, either for redevelopment or for creating a garden. However, this requires planning permission and significant investment in landscaping and clearing the existing vegetation.

The list price is significantly lower than prices of other properties in the area, but this price must be considered in light of the property’s condition. A comprehensive structural survey and obtaining planning permission would be crucial before making an offer. The low price reflects the extensive work needed; the value depends heavily on how the potential of the land is realized. This property presents a potentially high-risk/high-reward opportunity for an investor or developer. A detailed cost analysis, including professional surveys, is required before making any financial commitment.

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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