Carter and King Estate Agents says ..

Property Oracle says ..

The property is a large building located in Willey, Rugby. It is currently in need of significant renovation. The property benefits from a large plot of land. Considering the average price per square foot in the area is £310, and this property is listed at £400,000 with 22,525 sqft, the price per sqft is considerably lower than the average. However, the property requires extensive renovation, which will add significantly to the overall cost. The large plot of land is a positive factor, potentially increasing the value once developed. The location in Willey, a village near Rugby, may appeal to buyers seeking a more rural setting with access to nearby amenities and transport links to Rugby. The proximity to schools, while not detailed in terms of quality, is a potential draw for families. However, the condition of the property significantly impacts its current market value. The extensive renovation needed will likely mean that the final cost will be much higher than the purchase price. The land is a valuable asset, but the condition of the property is a major factor to consider. The location is a positive point, but the overall value will depend heavily on the cost of renovation.

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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