Osprey Investments says ..

Property Oracle says ..

This property at 328a Southcoates Lane in Kingston Upon Hull presents itself as a mixed-use investment opportunity, comprising a commercial unit and a residential apartment. The listing description emphasizes its potential as an investment, highlighting the self-contained nature of the residential apartment. The provided images reveal a clean and relatively modern interior in the apartment, with updated flooring and a functional kitchen. However, some cosmetic improvements seem necessary, such as addressing a visible hole in one of the ceilings. The exterior presents a standard terraced property within a row of commercial and residential properties. The external space is limited, consisting mainly of a paved area, lacking the appeal of a traditional garden. The location benefits from its closeness to a ‘Good’-rated primary school (Southcoates Primary Academy) and proximity to transport links for access to Hull city center. However, more information regarding the specific square footage and condition of both the commercial and residential areas are necessary to thoroughly evaluate the investment viability. Comparative pricing in the local area is hampered by the lack of specific square footage data for nearby properties. While the price appears reasonable within the context of nearby listings, the uncertainty around square footage limits a precise determination of the value. Buyers should prioritize a detailed property survey and inspection to fully assess the state of repair and the commercial property’s viability before committing to purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images