Quintons says ..

Property Oracle says ..

This property in Newbury, Berkshire, presents a unique investment opportunity. Listed at £165,000, it’s described as a brand-new ground floor retail space with Class E planning consent and approved plans for conversion into two one-bedroom apartments. The property is currently a shell, needing complete interior finishing. The external appearance seems modern and well-maintained based on the exterior photograph. The central Newbury location is a major advantage, offering proximity to the train station, schools, and various amenities. However, potential buyers should carefully assess the associated renovation costs before committing. The absence of square footage and plot size data hinders a thorough analysis of price-per-square-foot and land value. Nearby property listings suggest varying prices, from £215,000 for modernised ground maisonettes with gardens to significantly higher prices for apartments and houses. The lack of bathrooms and bedrooms currently limits the property’s direct comparability. This property’s value lies significantly in its potential for development and the desirability of its location.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images