HEB Property Consultants says ..

Property Oracle says ..

This property at 50 Forest Road West, Nottingham, is presented as a residential development/investment opportunity. It forms part of a six-property portfolio and is described as a block of apartments, although the photos suggest a single building undergoing significant refurbishment. The exterior presents as a large, terraced house with what appears to be brickwork of reasonable condition. However, the interior images reveal a property requiring extensive renovation. Walls are unfinished, flooring is basic, and rooms are mostly bare. The available information does not clearly state the number of apartments or their individual sizes, and crucially, the costs associated with completing the refurbishment remain unstated. The location is fairly central in Nottingham, reasonably close to schools and the city centre, which is a positive aspect. However, the lack of detailed plot information prevents accurate assessment of outside space. The price is presented within the context of a larger portfolio sale, making it difficult to assess individual property value without knowing the financial details of the entire investment. Nearby property prices show considerable variation, indicating the neighbourhood may contain a range of property types and values. Prospective buyers should conduct thorough due diligence, obtaining detailed cost projections for completing the refurbishment, before making a decision. Due to the extensive refurbishment required and uncertainty around individual financial details the potential value of this property requires further evaluation and the absence of information surrounding this makes providing a fair and balanced analysis complex

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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