Hill & Clark says ..

Property Oracle says ..

This listing is for a one-bedroom apartment located on St. Annes Close in Oakham, Rutland. The property is being sold with tenants in situ, generating rental income of £675.00pcm. The apartment’s interior is presented as neat and clean, with a functional layout encompassing a kitchen, living room, bedroom, and bathroom. While the style appears somewhat dated, it’s in good overall condition and does not seem to require substantial renovation. The property benefits from its location in Oakham, which offers good access to transportation via the nearby Oakham railway station and is close to well-regarded schools including Catmose College, which received an ‘Outstanding’ Ofsted rating. However, a key drawback is the complete absence of any outdoor space, a significant factor influencing property desirability in the UK market. The listed price of £120,000 is in line with other one-bedroom properties in Oakham, but the lack of details regarding property square footage in these similar listings prevents a precise price per square foot analysis. Overall, this property presents as a reasonable investment for a buy-to-let opportunity given the rental income already established, but buyers should be aware of the lack of outdoor space and the potential for future costs should they wish to modernise.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images