HEB Property Consultants says ..

Property Oracle says ..

This property at 111 Forest Road West, Arboretum, Nottingham, is presented as a residential development opportunity consisting of five one- and two-bedroom flats. The listing highlights its potential as an investment opportunity. However, the property is currently in a state of significant disrepair, requiring substantial refurbishment work before the flats are habitable. The images showcase various rooms stripped to their structural elements, indicating a need for complete renovation of plumbing, electrical, plastering and finishing. The available information doesn’t provide details regarding the individual flat sizes, hence making it impossible to calculate a price per sqft. Nearby properties listed show significant price variation, from £125,000 to £800,000 for different property types, therefore suggesting the price range in the area is very wide. The location, while reasonably convenient to transport links and Nottingham Trent University, and in proximity to multiple schools, may also benefit from the proximity to the University campus, this area has mixed property values and therefore its difficult to comment on how strong the local market is. Therefore the property, while potentially profitable following significant investment, presents considerable risk and requires a buyer who can undertake or fund complete renovations and understands investment risks.

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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