Northwood House, 118 Strathern Road, Broughty Ferry, Dundee
By Savills
£ 250,000
Reviews
3 out of 5 stars
Savills says ..
FOR SALE – Attractive listed office property with redevelopment potential CLOSING DATE SET - Wednesday 26th April at 12 noon
Property Oracle says ..
This listing presents a potentially significant opportunity, but also significant uncertainty. The property, Northwood House, is a large building in a highly desirable location – Broughty Ferry, Dundee. The photographs show a substantial property with extensive grounds. It is described as an attractive listed office property with redevelopment potential. While the images suggest a property in fair to good condition for its age, more information is critical. The listed price of £250,000 is remarkably low compared to other properties in Broughty Ferry, especially given the size of the property and land. This price discrepancy raises questions about potential renovation costs, any hidden structural issues, or the specific challenges and potential rewards associated with redevelopment. Potential buyers would require a thorough survey, and detailed plans to assess the viability of the redevelopment to make an informed decision. The lack of details, such as the number of rooms, exact plot size, and condition report, creates uncertainty in forming a comprehensive and accurate assessment. Further investigation is crucial to fully evaluate this property’s true value and market position. This property would appeal to investors and developers with experience in undertaking substantial renovation projects in period properties.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 7
- Location
- 7
- Land
- 8
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 299,533.00 £Decreased by 4.46 %
- Average area rental value
- 1,335.00 £/moIncreased by 8.54 %
- Est rental Yield
- 5.35 %Increased by 13.59 %
- Crime Rate
- 0.00 %
Agent Activity
Savills created the listing.
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Claypotts Terrace | £ 0 | 0 | 0.00 KM |
| Gillies Place | £ 0 | 0 | 0.00 KM |
| Albert Road | £ 0 | 0 | 0.00 KM |
| Ballinard Road | £ 0 | 0 | 0.00 KM |
| Bayfield Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Broughty Ferry | 9023 | BYF | 1.82 KM |
| Balmossie | 9013 | BSI | 5.51 KM |
| Monifieth | 9060 | MON | 7.84 KM |
| Dundee | 9039 | DEE | 9.29 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Northwood House, 118 Strathern Road, Broughty Ferry, Dundee | £ 250,000 | BUY | 6 / 10 | 0.00 KM |
| 114 Strathern Road, Northwood Court, DD5 | £ 155,000 | BUY | 7 / 10 | 0.10 KM |
| Strathern Road, Broughty Ferry, DD5 | £ 325,000 | BUY | 7 / 10 | 0.18 KM |
| Grove Road, Broughty Ferry, Dundee | £ 240,000 | BUY | 6 / 10 | 0.18 KM |
| 13 Regent Place, Broughty Ferry, DD5 1AT | £ 129,000 | BUY | 7 / 10 | 0.21 KM |