Mellor & Beer says ..

Property Oracle says ..

This property listing presents a town centre investment opportunity in Worksop, Nottinghamshire. The subject is a block of ten self-contained apartments and two ground floor retail units. The provided photographs showcase recently refurbished apartments with modern fixtures and fittings. The apartments appear clean and well-maintained. The location in Worksop town centre provides convenient access to amenities, transport links including Worksop train station, and several well-regarded primary schools nearby. This is generally a positive location attribute, particularly for potential tenants. However, the absence of key data such as the size of the apartments (sqft) and the plot size significantly limits a comprehensive analysis. The list price of £750,000 is substantial, and further detailed information is needed to assess if it accurately reflects the value of the individual apartment units considering the current market conditions in Worksop and the condition and size of the building. Without more information, a definitive evaluation of its financial viability is challenging. Potential investors would need to conduct extensive due diligence to assess rental income potential, running costs, and overall return on investment. A comprehensive survey and detailed financial projections are essential to make an informed purchase decision.

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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