HEB Property Consultants says ..

Property Oracle says ..

This property at 54 Forest Road West, Nottingham, is a block of apartments presented as a residential development or investment opportunity. The listing indicates that the three flats within the building require refurbishment, with varying degrees of completion across the units. The provided photographs confirm that the interior is currently in a state of significant renovation; walls are unfinished, and utilities are still being installed. The exterior of the building is typical of the Arboretum area, suggesting a sound structure, but the visual evidence suggests that a substantial investment is required to complete the refurbishment.

The property’s location offers potential advantages, with its proximity to schools and reasonable distance to Nottingham city center. However, a more thorough investigation is needed to evaluate the exact range of local amenities and other factors impacting the desirability of this particular address. The absence of detailed plot information and the requirement for substantial renovation mean a potential buyer or investor must account for significant additional costs.

The list price of £340,000 sits within the price range of other nearby apartment blocks, but these comparisons aren’t fully reliable without understanding the extent of refurbishment in those other listed properties. Therefore a thorough analysis of refurbishment costs, rental income potential (post-refurbishment), and comparable sales data is needed for accurate valuation and risk assessment.

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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