Ellis Brooke says ..

Property Oracle says ..

This two-bedroom apartment located on Dunchurch Road in Rugby, Warwickshire, is listed at £125,000. The property is part of a larger apartment building and benefits from access to communal green space and allocated parking. The nearby area offers relatively good access to schools, with several primary schools within a short distance, and also has good transportation links to Rugby town centre and the train station. However, the property itself requires updating. The interior photos reveal dated décor, including carpets, walls, and kitchen fittings. The kitchen and bathroom whilst functional are far from modern. While the building’s exterior appears to be in decent structural condition, potential modernisation and repairs will be needed to bring the apartment up to current market standards. Therefore, potential buyers should factor in renovation costs when assessing the overall value and affordability. The lack of a private garden is also a notable feature to consider. The price, when considering the needed upgrades and the limited private land, is high for similar-sized properties nearby. The proximity to amenities and schools, however, does provide a positive counter-balance. Overall, this property is suitable for first-time buyers or investors willing to undertake renovation work to increase its overall value, understanding that the price represents a relatively high cost per sqft for the property’s current condition.

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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