Thomas & Thomas Property says ..

Property Oracle says ..

This property is a block of eleven apartments located in Gloucester, Gloucestershire. The listing presents it as an investment opportunity. The property’s location is relatively convenient, being close to Gloucester city centre, local schools, and Gloucester Railway Station. The nearby streets show mixed price ranges, highlighting the potential variation in property value within the area.

The condition of the property appears mixed. While some interior spaces are shown to be in good, recently renovated condition, the external appearance indicates some age and potential maintenance requirements. This includes the roof and brickwork in some areas. Further investigation would be necessary to accurately assess the structural integrity and any necessary repairs or renovations needed.

The land associated with the property is limited. Primarily, it consists of space for parking and a small, basic area suitable for outdoor space. The size of this land is not specified in the listing, and the photographs indicate only modest outdoor space.

Overall, the property represents an investment opportunity, offering multiple rental units in a reasonably convenient location. However, potential buyers should conduct a thorough assessment of the property’s condition, factoring in the costs of necessary repairs or renovations to ensure an accurate evaluation of the return on investment. The current list price seems to generally align with other similar properties in the area, but a detailed survey and appraisal would be crucial to determine its true market 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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