Savills says ..

Property Oracle says ..

The property is a large building located on Hythe Road in Ashford, Kent. The building is currently vacant and in need of significant renovation. The interior photos show considerable damage and require extensive repairs. The exterior is a brick building that appears to be in reasonable condition, although some maintenance may be required. The property has a large plot size of 6,771 square feet. Given the property’s condition, it requires substantial renovation work before it can be occupied. The extent of the necessary repairs is significant, impacting the overall value. The location is reasonably convenient, with Ashford International station being approximately 0.97km away. There are also several schools within a short distance. However, the immediate street appears to be primarily residential, and the specific commercial viability of the location needs further investigation. The lack of a garden is a notable drawback, especially given the size of the building. The list price of £700,000 needs to be considered in light of the required renovations, the lack of a garden, and the comparison with nearby residential properties. While the building’s size is substantial, the high list price needs careful evaluation against the costs of renovation and the potential return on investment. A detailed cost analysis of the renovation would be necessary to determine the property’s true value.

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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