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3 bedrooms house for sale in Manchester, United Kingdom

190 000£

Ellesmere Street‚ Manchester‚ M27

Features

  • Chain free
  • Freehold
  • End of terrace shop & house
  • Active shop license in place
  • Garage
  • Large than average plot
  • Potential to be converted into multiple flats
  • Being sold by online auction
  • Buy-it-now option available
  • Buyer's fees apply

Property description

I've been given a brief description of a property in Ellesmere Street, Manchester, with an estimated price of £190,000. To evaluate it from a buyer's perspective, we can consider the following factors: 1. Location: Ellesmere Street is centrally located in Manchester, which may attract buyers looking for convenient access to local amenities, transport links, and attractions. This central location can also make the property a good starting point for exploring the city. 2. Aesthetics: While the brief description doesn't provide any photos or detailed information about the appearance of the property, other factors like the surrounding area could give the buyer an idea of the property's curb appeal and potential. 3. Size and layout: The property's size and layout can provide valuable information about how well it suits the buyer's needs. The brief description should mention the number of rooms, square footage, and any notable features like outdoor space, garage, or basement. 4. Condition: The description of the property's condition can give buyers an idea of any potential repairs or renovations needed, which can influence the investment potential and overall appeal of the property. 5. Price: At an estimated price of £190,000, the property may be considered affordable for buyers in the area, especially considering factors like location and potential renovation needs. Keep in mind that local prices may vary and can change regularly, so it's essential to research the market thoroughly. In terms of real estate investment, several factors should be considered: 1. Rental income potential: Evaluate the surrounding area's rental market and determine if the property could generate a steady income. Consider the occupancy rate, average rent, and potential rental appreciation. 2. Growth potential: Research the housing market in Manchester and Ellesmere Street to determine if the property has potential for growth in value. Consider factors like job growth, population, and development plans in the area. 3. Return on investment (ROI): Assess the potential ROI by comparing the estimated rent and growth potential with the property's asking price. This can help you determine if the investment is worthwhile. As a lifestyle purchase, the property's appeal depends on the buyer's preferences, lifestyle, and requirements. Consider factors like: 1. Proximity to local amenities: Evaluate the property's proximity to shopping, dining, and recreational facilities. This can impact the quality of life and level of convenience for the

Location

Date added: 24.07.2024

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