HEB Property Consultants says ..

Property Oracle says ..

This property, located at 52 Forest Road West in Nottingham, is a block of apartments currently undergoing refurbishment. The listing indicates that one of the flats is already sold, while two are in need of renovation. The images clearly show that the property requires significant interior work and is not in a livable condition without such works. The property benefits from a location near schools rated ‘Good’ by Ofsted, and has relatively easy access to Nottingham city centre. While the listing notes that the property sits near railway stations, there is no quantitative information about the cost of railway travel or the frequency of services and whether they are to the advantage of the property. The exterior is fairly well-maintained, suggesting the structural integrity of the building is sound. However, the overall condition of the apartments necessitates further investment before they can be occupied. The absence of explicit plot size information makes it difficult to fully assess the land component of the property. The price seems reasonable, considering that this is one of several properties forming a substantial investment opportunity in the area. Prospective buyers should factor in the costs of the necessary refurbishments and weigh the potential returns against this total expenditure.

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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