McEwan Fraser Legal says ..

Property Oracle says ..

This property at 12 The Square, Port William, is a light industrial unit with previous planning permission for conversion into a four-bedroom house. The current state of the building is dilapidated, requiring extensive renovation. Photos reveal a large, empty interior with exposed beams, damaged walls, and debris. The property’s significant plus is its coastal location, offering attractive sea views. While the location could be considered desirable, the absence of details regarding nearby schools, shops, and transportation hinders a full assessment of convenience. The lack of information on the plot size means a precise evaluation of the land is difficult. There’s limited comparable property data, hindering an accurate assessment of value per square foot. While the £90,000 asking price might seem reasonable in the context of coastal locations and future development potential, the extensive renovation needed needs to be factored in. Potential buyers should factor in substantial refurbishment costs. Overall, this property presents a high-risk, high-reward opportunity for those with experience in property renovation and a vision to transform this derelict unit into a desirable coastal dwelling.

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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