Nicholas James says ..

Property Oracle says ..

This property located on South Coast Road, Telscombe Cliffs, is listed for £1,250,000. It appears to be a brick building that could be a block of flats or potentially a single property that has been converted. The external condition shows signs of age and could benefit from maintenance and refurbishment, particularly to the roof. The available imagery shows the property is in need of some TLC. The surrounding area appears to be residential, with a mix of apartments and houses. The property has a small garden and outbuildings; what appears to be a collection of garages that might offer additional value or redevelopment opportunities. The lack of internal photos and precise details about the number of units and their condition makes it difficult to provide a definitive assessment. Further investigation into the planning permission (LW/24/0606) referenced in the listing is required to accurately evaluate its redevelopment potential and ultimate value. The proximity to the coast and some amenities provides a degree of locational desirability, but the absence of detailed information regarding its current residential status and rental income potential, limits the scope of a detailed analysis. The limited information provided makes it challenging to give an entirely unbiased evaluation of the property. The pricing seems high compared to similar nearby properties, but this could be due to the potential for redevelopment, contingent on successful planning permission.

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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