Welch Stokes says ..

Property Oracle says ..

This five-bedroom, three-bathroom property in Wem, Shropshire, presents a unique opportunity but also significant challenges. Located on Noble Street, the property benefits from its proximity to Wem railway station (approximately 0.83km) and local schools including St. Peter’s Cofe Primary School and The Thomas Adams School (both within 0.6km). This location within the desirable town of Wem is a clear advantage, supporting a reasonable location score. However, the lack of specified square footage details for the property and its plot size hinder a detailed market analysis.

The property itself is a period property, and photos reveal a mixed condition. Some rooms showcase original features and character, like exposed beams and period fireplaces, which are attractive assets. However, other areas appear dated and require significant updating and renovations. This includes modernising bathrooms, kitchens, and bedrooms, as well as addressing cosmetic repairs and updating of fixtures. The overall condition is significantly below a high standard, necessitating a substantial financial investment from the new owner to bring it up to date. The courtyard provides some limited external space, though it is not extensive.

The listing price of £400,000 seems somewhat high given the condition of the property and the lack of specific details regarding size. While some nearby properties have higher list prices, these often seem to offer superior condition, and land size which is lacking from this specific property. A more competitive price reflecting the necessary modernisation would likely make the property more attractive to prospective buyers. The overall analysis suggests the property may require considerable work, though the potential for renovation and the strong location factors could offer an investment opportunity for the right buyer.

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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