Rettie & Co says ..

Property Oracle says ..

This property is a Grade B Listed Victorian building located on Tay Street in Perth City Centre. The building comprises three separate flats, each with its own distinct characteristics and features.

The interior of the flats presents a mix of features, with some rooms boasting original detailing and period features such as high ceilings and ornate molding, while others showcase more modern updates to kitchens and bathrooms. The overall impression is that the property is habitable, but some rooms show signs of age and could benefit from renovation and modernization to reflect current tastes. The furnishings in the photos are mainly for presentation and should not be taken to be included in the sale.

The building is located on Tay Street, a desirable address in Perth City Centre which would suggest ease of access to nearby amenities and public transportation links. Proximity to the River Tay and the city center increase the property’s desirability. The lack of additional information about nearby schools and other amenities is notable, but its position in the city center points to a reasonably convenient location.

The absence of a garden or exterior space is consistent with the city centre location. This significantly decreases the value for someone seeking outdoor space.

The lack of square footage data for the individual flats makes precise valuation difficult. Comparing the total list price of £690,000 with similar properties in the area, the property seems priced at the higher end of the market for similar sized properties, although more detailed comparable data is required for a conclusive assessment. The value will depend greatly on the potential rental income from the individual units, as this is more likely its intended use given the building’s division into flats. Further investigation into rental values in the area is needed to accurately assess the property’s financial viability as a rental property. The cost of potential renovation works must also be taken into consideration to properly assess the property’s overall market value.

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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