Richard James says ..

Property Oracle says ..

This six-bedroom property in central Swindon presents itself as an investment opportunity, currently operating as a fully licensed HMO generating significant rental income. The property’s location on Park Lane offers excellent access to Swindon town centre amenities and transport links, with the train station within reasonable proximity and several well-regarded primary and secondary schools nearby. However, potential buyers should be aware that the property requires significant modernisation and updating. The interior is in need of refurbishment and a thorough clean; some rooms, particularly bedrooms, appear cluttered and show signs of wear. The kitchen, while functional, is dated and could benefit from a complete overhaul. While a small backyard is present, it is not expansive. The absence of square footage details makes a complete and accurate assessment of the price per square foot impossible, but considering the available data, particularly neighbouring property prices and the required renovation, the listing price may need further justification. Overall, the property holds potential, but prospective buyers should factor in significant renovation costs to maximize the property’s value and achieve its full potential. The current rental income is attractive, but it’s crucial to assess whether this continues post-refurbishment. A professional survey and valuation would be highly recommended before committing to a purchase.

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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