Christopher St James says ..

Property Oracle says ..

This property located on Coombe Lane, Raynes Park, is a commercial building currently in need of significant renovation and conversion. The listing price is £750,000. The property’s location is a key strength. Raynes Park offers a convenient suburban lifestyle with good transport links via Raynes Park station. The nearby High Street provides a range of amenities and shops. Furthermore, there are several schools within a reasonable distance, making this location attractive for families. However, a thorough assessment of the property’s condition is crucial before deciding on a purchase. The building is clearly in need of significant updating and refurbishment which could prove costly. Its existing condition appears dated and potentially structurally challenged. While the property may have some potential for conversion into residential units (depending on planning permissions) or continued use as commercial premises, the required investment should be carefully factored into any financial assessment. Without knowing the proposed finished number of units, or the final square footage, it is impossible to fully assess its value. The limited land surrounding the property is another aspect to consider. The small yard or courtyard isn’t likely to offer much space. In conclusion, this property represents a potentially lucrative redevelopment opportunity; however, prospective buyers need to account for considerable renovation costs and conduct due diligence regarding planning regulations and market appraisals before committing to the purchase price.

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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