VERITAS BUSINESS SALES LTD says ..

Property Oracle says ..

The property is a block of 12 apartments located on East Street in Newquay, Cornwall. The location is central, with nearby transportation links (Newquay train station is 0.58km away) and several schools within a reasonable distance, including Newquay Junior Academy (rated ‘Good’ by Ofsted) and The Bishops Cofe Learning Academy (also rated ‘Good’). The proximity to local amenities and transport makes this a reasonably convenient location. However, without specific information on the quality of the immediate surroundings or the presence of local shops and other facilities, a more precise location score cannot be given.

Based on the provided images, the property appears to be in need of some renovation. The interior shows signs of wear and tear, including worn carpets and damaged flooring. While the kitchens and bathrooms appear to have been updated at some point, the overall condition suggests that some level of refurbishment would be necessary to bring the property up to a modern standard. The exterior images show a building that is structurally sound but could benefit from some cosmetic improvements.

The listing does not provide information on plot size or the presence of a garden. Therefore, no assessment of the land can be made.

The list price is £949,950. The average price for properties in the area is £468,178, and the average price per square foot is £235. However, the square footage of the subject property is not provided, making a direct price comparison impossible. Given the apparent need for renovation and the lack of information on the size of the property, a definitive assessment of the price’s reasonableness cannot be made without additional data. The price may be reasonable if the size of the property justifies it, considering the potential rental income from twelve apartments, but further information is required to confirm this.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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