Zaza Johnson & Bath says ..

Property Oracle says ..

This property in Shrewsbury, Shropshire, is presented as an investment opportunity, currently divided into four one-bedroom apartments. The location in Belle Vue, close to the town centre and various amenities including schools, is a positive attribute. The proximity to Shrewsbury train station (1.18 KM) offers convenient rail travel. The property itself is a multi-unit building, a significant factor in its overall assessment.

While some images show modern bathroom fittings, others reveal interior areas needing updating or renovation. The overall condition appears to be satisfactory but not luxurious or exceptionally well-maintained. It’s also important to note the significant lack of any described or visualized external space. There is no garden and minimal space in front of the property, which is a considerable drawback for many buyers.

The listing price of £420,000 requires further analysis to fully assess its competitiveness against the local market. The lack of plot size information and the ambiguous nature of comparable properties make it difficult to definitively assess its value for money, although the price per square foot does appear on the higher end of reasonable in the surrounding area. A detailed structural survey and potential rental income assessment would provide a clearer picture of the financial viability of this investment. Prospective buyers should consider conducting a thorough market analysis and comprehensive building survey before committing to the purchase.

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

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