Woodlands Estate Agents says ..

Property Oracle says ..

This property in Horsham, West Sussex, is listed at £1,100,000 and comprises two freehold properties currently divided into eight apartments. The location on Brighton Road offers proximity to Horsham train station and several schools, making it convenient for commuters and families. However, the specific location on Brighton Road might not be the most premium part of Horsham.

The provided photos reveal the apartments to be in livable condition. While there is no evidence of major structural issues, many of the rooms appear dated and in need of some modernisation and updating to meet current market expectations. A comprehensive renovation could significantly increase the property’s value.

The property’s main drawback is its minimal land. The external photos suggest a small front garden, but there is no mention of a rear garden or significant outdoor space. This lack of land could limit its appeal to families or those seeking larger outdoor areas.

The pricing at £1,100,000 presents a challenge. While the investment opportunity angle (two freehold properties divided into eight apartments) could be a strong selling point for certain buyers, the asking price seems comparatively high for the apparent condition and lack of land when compared to other nearby properties. A detailed breakdown of rental incomes and potential renovation costs would be needed to fully assess the property’s overall value as an investment. The value depends heavily on the rental potential of the eight apartments. If the rental income surpasses the mortgage payments and maintenance expenses significantly, the property would be a profitable investment. Otherwise, the price might be considered overvalued for a traditional owner-occupier. More detailed information is essential for a definitive evaluation of its true worth in the market.

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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