Sell Well says ..

Property Oracle says ..

This four-bedroom terraced house in Walkden North, Salford, is currently listed for £130,000. The property is presented as an investment opportunity, highlighting its potential for rental income as a fully licensed HMO (House in Multiple Occupation). The description mentions a courtyard garden to the rear. However, the property’s condition requires a comprehensive renovation before it could be considered habitable.

The photographs reveal a significant need for repairs and modernisation. Walls and ceilings display patches of damage and some areas show damp or water damage. The flooring is worn, and the overall impression is one of neglect. While functional, the kitchen and bathroom are outdated and in need of updating. The house appears structurally sound, but the cosmetic and minor repair issues are substantial. The location, while convenient to public transportation and a number of schools, doesn’t command a premium price compared to more affluent areas of Greater Manchester. The listed price might seem appealing due to the large number of bedrooms; however, the extensive repair requirements should be factored into any potential buyer’s budget.

This property would be better suited for an investor who has experience with property renovation or a buyer who doesn’t mind undertaking extensive repairs themselves. There is clear potential for increased value following renovation but must be carefully factored against the overall costs of the project.

Therefore, we give this property 4 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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