Esquire Estates says ..

Property Oracle says ..

The property is a commercial property; a dessert parlour restaurant located on Upper George Street in Luton. The listing price is £120,000. The property is situated in Luton town centre, which benefits from good transport links including Luton train station (0.58km). Several primary schools are within a 1km radius, including Chapel Street Nursery School (rated ‘Good’ by Ofsted). However, the lack of residential information makes it difficult to fully assess the desirability of the location for residential purposes. More information would be needed to accurately score the location. Based on the images provided, the property appears to be a modern, well-maintained commercial space. It is well-presented and shows no signs of needing repair or renovation. There is no evidence of any external space. Given the property’s commercial nature, the concept of ‘land’ is not applicable in the same way as a residential property. The images do not show any outdoor area. The average house price in the area is £269,233, significantly higher than the listing price of £120,000. However, this average is for residential properties, and the subject property is commercial. Without information on the size of the property and comparable commercial property sales, it is impossible to determine if the £120,000 listing price represents good value. More data is required to assess the price.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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