Leapfrog Lettings & Sales says ..

Property Oracle says ..

The property is a Grade II listed building situated on High Street in Loftus, North Yorkshire. It has been converted into four separate apartments, currently used as holiday lets. The listing mentions two detached garages and ample parking. The property appears to be in good condition based on the provided photos. The interior looks well-maintained and recently updated in several of the apartments. There is no visible evidence of significant repairs or renovations needed, although some areas might benefit from minor cosmetic updates. The property includes a substantial rear yard area, providing outdoor space for each apartment. While not a large garden in the traditional sense, the space is usable and adds value to the property. The list price of £269,999 is higher than the average house price in the area (£187,632). However, this property is a unique investment opportunity as a block of apartments, rather than a single-family home. Considering the location on High Street, the number of apartments, and the inclusion of garages and parking, the price may be justified within the context of the local market. Further financial information on the rental income of the apartments would be needed to fully assess the value. The lack of square footage data for the individual apartments also makes a precise price-per-square-foot comparison difficult. However, based on comparable nearby listings, the price seems relatively in line with other multi-unit properties in the area.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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