Rule & Rule Estate Agents says ..

Property Oracle says ..

This property in Sheerness, Kent, presents an interesting investment opportunity. The building is located on Marine Parade, offering proximity to the seafront. Sheerness railway station provides a commuter link, and a number of primary and secondary schools are relatively close by. However, the Ofsted ratings of some of the nearby schools need further investigation.

The property itself appears to be in need of modernisation. The interior photographs reveal dated fixtures, fittings, and finishes that would likely need updating before it could be considered a modern home. The kitchen and bathroom are the most obviously dated. There’s also evidence of old carpets and wallpaper.

The property features a garden, which adds some outdoor space; however, from the pictures, it could use some landscaping. The listing indicates it’s arranged as multiple self-contained flats; this presents potential for rental income, but potential buyers should carefully assess this opportunity.

The listing price needs further investigation. While a price of £350,000 might be appropriate for a well-maintained property in a desirable area, its overall condition should bring this figure down. Given the significant renovation needed, potential buyers should conduct thorough due diligence to establish a fair market value and conduct an appropriate survey. The property may present itself as a good value but this cannot be verified without further investigation of the property and the current state of the market.

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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