Bromwich Hardy LLP says ..

Property Oracle says ..

The Retreat, located in Princethorpe, Rugby, is a substantial brick building that is currently vacant and in need of comprehensive renovation. The property’s history as a convent and later a House in Multiple Occupation is noted. The architectural style of the building is distinct. However, images indicate that it is in a poor state of repair, with boarded-up windows and visible signs of disrepair both internally and externally. The location in Princethorpe is positive, given the presence of nearby schools, though transportation links are unclear. The plot size appears considerable, offering significant potential for development. Given the property’s condition, the listed price of £650,000 is significant and represents a considerable investment in refurbishment. The provided floor plans showcase the potential for a contemporary renovation, transforming the property into a sizeable family home. Potential buyers should factor in the substantial costs of renovation and refurbishment into their decision making and research the building’s structural condition thoroughly before committing to any purchase. Prospective buyers should seek professional advice from a surveyor and appropriate building contractors to gain an accurate assessment of renovation costs. The absence of precise square footage data for the property and its plot limits a more detailed and exact analysis.

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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