Esquire Estates says ..

Property Oracle says ..

This property presents a unique investment opportunity in Leagrave, Luton. The key features are a four-bedroom house with planning permission for a two-bedroom apartment conversion, along with a substantial 1650 sq ft commercial unit. The house itself requires renovation; the interior, while liveable, shows wear and tear. The kitchen and bathrooms show recent renovations which might attract purchasers looking to update an existing property over the whole house. The outbuilding, however, is cluttered and unusable until clearing and refurbishments take place. The location is a positive aspect with the proximity to Leagrave Station and a ‘Good’ rated primary school, making it potentially attractive to families or investors. The listing however could benefit from an accurate measurement of the internal sq ft to establish a fair price per sqft, The high asking price reflects the development potential, however, substantial renovation costs should be factored into any purchase decision. The current condition of the workshop suggests that a significant amount of time and money will be required to bring it to a rentable standard. Overall, potential buyers should carefully consider their budget for refurbishment before making an offer. Due to the potential of this property, once the work is completed it could be a highly desirable property.

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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