Matt Morrison Property Group says ..

Property Oracle says ..

This one-bedroom flat located on High Street in Montrose, Angus, is presented as a full refurbishment opportunity. The listing highlights potential for high rental yields or as a starter home, but the provided photos reveal a property in considerable disrepair. Water damage is evident in several areas, including the kitchen ceiling and walls. The overall aesthetic is dated, with old fixtures and fittings throughout. The lack of information regarding the property’s square footage and land size makes it difficult to accurately gauge value per square foot. However, the list price of £20,000 sits significantly below the average price of nearby properties, suggesting it reflects the substantial renovation needed. The proximity to Montrose train station is a positive aspect, offering convenient transport links. The lack of information on nearby schools and the property’s land size limits a more comprehensive assessment. Potential buyers should factor in significant renovation costs when assessing this property’s overall value and suitability. The property would be suitable for a buyer with experience in property renovations and refurbishment who is looking for a project that has potential.

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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