Sandfords says ..

Property Oracle says ..

This property located on Durweston Street in Marylebone, London, presents a unique opportunity for a buyer willing to undertake a substantial renovation project. The address itself is in a highly sought-after area of London, known for its elegant streets, upscale shops, and proximity to excellent transport links. Marylebone station, a short walk away, offers convenient access to various parts of London and beyond. The area is also well-served by buses and is close to other transport hubs. Several highly-regarded schools are also within easy reach, making it an attractive location for families.

However, the property is currently in a state of significant disrepair. The interior photographs reveal extensive renovation work is required throughout, from the floors and walls to the kitchen and bathrooms. This will undoubtedly incur significant costs and time investment. The lack of a garden is another factor to consider, although this is common in central London properties.

The list price of £3,250,000 is substantial. While the location and size of the property could justify a high price once renovated, the current condition significantly impacts its immediate value. A thorough assessment of the necessary renovation costs is crucial before making an offer. Potential buyers should factor in the cost of materials, labor, and potential delays associated with such a large-scale project. A detailed survey by a qualified surveyor is highly recommended to assess the structural integrity of the building and identify any hidden problems. Overall, this property is a high-risk, high-reward investment, suitable for buyers with experience in property development and a significant budget for 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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