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Nice road or nice house?

Hi, need some advice if poss, appreciate any help... I'm looking at 2 properties... One thats on a really nice road but needs around 35k spending on it to bring it up to the standard of the road, priced to reflect the work that needs to be done, with 5-10k space once work is done... The other is done and priced to reflect that, around the price zoopla says it's worth... not as nice road with not much room to improve/add value... In these times, which makes the most sense financially?

Asked on Aug 11 2011, House Prices in Manchester | Report content

Answers (3)

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  • I would say the nice road/area, and put your own stamp on the property. There are many nicely done up houses in not so nice areas, they don't tend to appreciate as much in value. Better area, plus the nicely done up home will equal more value in the future.

    Answered on Aug 14 2011, Report content
  • Always better to buy a house that needs doing up - the one that needs £35k should be at least £50-60 less (compared to rest of road). Just watch a few episodes of Homes under the Hammer, you'll soon get the idea - each £1000 of materials and £1000 of labour usually adds £3000-4000 to the house.

    Answered on Aug 18 2011, Report content
  • Its always about the postcode! It will be a better investment in the long run and easier to sell!

    Answered on Mar 20 2012, Report content

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