MCR Move says ..

Property Oracle says ..

This mixed-use property located on Ashton New Road in Manchester presents a compelling investment opportunity with both advantages and significant drawbacks. The property’s current state is clearly in need of considerable refurbishment. The images show extensive wear and tear, damaged walls and fixtures, and a generally dilapidated appearance. This necessitates a substantial financial investment before the property becomes habitable.

The location, however, presents several positive aspects. Its position on a main road provides high visibility, which could be advantageous for a business, and the surrounding area offers good access to schools, train stations and local amenities. The proximity to the city centre also enhances its appeal. Nevertheless, the busy nature of Ashton New Road might be a deterrent to some potential buyers.

The complete lack of outdoor space is a significant downside. There is no garden or land included, limiting the property’s appeal to families and those seeking green space.

The asking price of £175,000 must be considered against the extensive renovations required. While the location offers some potential, the overall condition of the property is a crucial factor that affects its valuation. A potential buyer needs to carefully weigh the costs of renovation against the potential return on investment. A thorough survey and professional valuation are essential before making any purchase decision. The property could be worth significantly more once renovated, but the current state requires a significant investment of both time and money.

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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