FSS says ..

Property Oracle says ..

This property on Swan Road, Harrogate, presents a unique investment opportunity. It is a four-bedroom, two-bathroom property in a prime location within central Harrogate. The listing highlights a “development opportunity” and notes previous use as office space with residential conversion planning permission. This suggests the property may appeal to buyers seeking a renovation project or developers planning to convert the existing structure into individual units or a larger dwelling.

The property’s central location in Harrogate, coupled with its size, makes it potentially highly lucrative after renovation. Proximity to train stations, schools, and local amenities enhances its appeal to a wide range of buyers. The area is known for its affluent residents and strong rental market, offering a strong potential return on investment following completion of the necessary work.

However, the images show that the property is currently in a state requiring substantial renovation and modernisation throughout. This needs to be factored into any purchase decision. Potential buyers will need to budget accordingly for the costs associated with this work, which might involve significant expenditure on plumbing, electrics, interior design, and other renovations to transform the property into a comfortable and modern home.

The absence of plot size information might also affect the total value depending on the potential for any extensions or alterations. The lack of comparable property data with square footage makes it hard to definitively conclude if the price is at the high or low end of market value. Ultimately, the property’s potential is high, however, significant costs and effort are required to realise its full value. A thorough survey and detailed cost assessment of the renovation work are highly recommended before making an offer.

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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