First Floor Flat, 28 Kendrick Street, Stroud, GL5 1AA

This one-bedroom flat in the heart of Stroud presents a unique opportunity for investors looking to capitalize on a cheap entry point at £60,000, which is an exceptional £94/sqf compared to the local average of £352/sqf. The central location offers access to a vibrant mix of amenities, making it a potentially lucrative investment for those willing to undertake a substantial refurbishment.

However, the condition of the property is poor, with visible signs of neglect throughout, including unclean carpets in the living area and significant wear in the kitchen. The bathroom fixtures are outdated and require complete replacement as well. The project scale is heavy, and while the price presents great value, prospective buyers should be prepared for a full-gut renovation with a works budget ranging from £60,000 to £120,000 to bring this flat up to modern standards.