Jarlands says ..

Property Oracle says ..

This property in Newhaven, East Sussex, presents a unique investment opportunity. It comprises a one-bedroom, one-bathroom residential flat combined with a commercial unit. The combined property boasts a substantial floor area of 1100.07 sqft. The residential area is in need of a refresh, showing dated décor and furnishings throughout. However, it presents a sound structural base ready for a new owner to put their own stamp on. The commercial area is vacant and currently ready to be let to a suitable tenant.

The property benefits from a central location within Newhaven, with several primary and secondary schools within walking distance. The railway station providing connections to Brighton and beyond is also relatively close. There is also a small garden area at the rear of the property.

The list price reflects current market trends for similar properties in the area, but potential buyers will need to factor in the cost of modernisation for the residential flat, and the market conditions for renting out the commercial unit. The combined residential and commercial nature of the property makes this an interesting proposition for investors and owner-occupiers alike, however the area, whilst convenient, might not appeal to everyone.

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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