Jackson Green & Preston says ..

Property Oracle says ..

This listing presents a freehold reversionary interest in a block of apartments located in Grimsby, Lincolnshire, at St James Court. The property is marketed as an investment opportunity. While the proximity to transportation (Grimsby Town train station), schools (St James’ School being notably nearby), and the town center offer potential benefits, Grimsby’s overall economic position may influence the investment’s long-term value. The lack of information regarding the specific number of apartments, their sizes, condition, and the details of the existing leases make a thorough analysis difficult. The current list price of £96,000 sits within the range of nearby property values but requires further investigation. Given the investment nature of the property, investors will want to undertake their due diligence thoroughly, including a property survey and complete financial analysis of the lease income, to understand the true value and potential risks before making a decision. The age and condition of the property and the specifics of the lease agreements are crucial factors that impact the investment’s overall potential return. Without these details, an accurate determination of the investment’s worth cannot be made. Furthermore, the lack of available square footage and plot size data impedes a clear comparative assessment with other properties in the area.

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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