Sell It! says ..

Property Oracle says ..

Victoria House, 64-68 Midland Road, Wellingborough, presents a unique investment opportunity in the form of a block of 14 apartments. Its location offers a key advantage with close proximity to the Wellingborough train station, providing convenient access to London St Pancras International within an hour. The presence of several schools nearby suggests family appeal, although the specific reputation of each school requires further research. The condition of the apartments, while not showing major structural issues, appears to require some modernisation or renovation to enhance their appeal to potential tenants or buyers. The interior finishes and furnishings appear dated in the photos. The property lacks a significant garden area, with the photos suggesting only limited communal space. The list price of £1,250,000 presents a crucial aspect that demands further evaluation. A thorough analysis comparing the individual apartment values to similar properties in the area is necessary to determine if the asking price represents good value for money. Overall, this property stands as a compelling proposition for investors or those considering a multi-unit property. A comprehensive financial review will be vital before a purchase decision. However, the proximity to transportation, and schooling may make this a suitable purchase for investors. Further due diligence on the individual units and associated costs of modernization would be vital for a potential buyer.

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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