Cullen Kilshaw says ..

Property Oracle says ..

This property, Flat 2 and Flat 3, Regents House, is presented as a development opportunity in Annan town centre. The listing highlights the potential for selling the two flats separately or together. The current condition, however, is one of significant disrepair. The photographs clearly show an extensive renovation project is necessary, touching on virtually every aspect of the flats. Walls are stripped, plaster is damaged or missing, and floorboards are exposed. New windows appear to have been ordered and stacked ready for fitting. Existing plumbing and electrics appear to be very outdated. There’s a mixture of old and new materials, suggesting an ongoing, but evidently incomplete, modernisation process. The absence of key data like the total square footage and the number of bedrooms and bathrooms in each flat prevents a thorough evaluation of price per square foot or the overall value for money. The location in the town centre of Annan is advantageous for convenience and potential rental income once renovated, though the desirability of the immediate neighbourhood isn’t clear from the data. Ultimately, a full evaluation requires additional details regarding size, specific renovation costs, and a clearer understanding of local market rates given the property is listed as category B listed. The potential return on investment once completed could, however, prove considerable to an experienced developer or investor.

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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