Frank Innes says ..

Property Oracle says ..

This property, located on Hardwick Street in Mansfield, Nottinghamshire, is a commercial premises currently operating as a takeaway. It’s listed at £180,000 and comprises one bedroom and one bathroom. The property’s condition is mixed; while some areas such as the commercial kitchen seem well-equipped and maintained, the residential parts appear to require updating and cosmetic work, particularly evident in the bathroom. The provided images do not allow us to ascertain the overall state of the property. The absence of a garden is a significant drawback.

The location scores moderately well due to its proximity to Mansfield Town Centre, suggesting convenient access to amenities, transportation links, and multiple schools, increasing its family appeal. However, detailed knowledge of the specific area (Newgate) and its desirability is needed for a definitive opinion on location score.

In terms of pricing, while the list price is competitive compared to some neighboring properties with similar characteristics. The scarcity of precise square footage data for comparable properties hampers a detailed price-per-square-foot analysis. Thus, a precise determination of the price’s fairness needs further verification. Without more information on the nature of the property’s construction, it’s challenging to estimate the overall value for money more accurately. Given the listed price and the apparent need for renovations, further due diligence is required. The property’s appeal will hinge largely on potential buyers’ plans for its use (continued commercial operation or conversion for residential use). This means that the suitability of the property will differ depending on the buyer’s intention.

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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