HMO Sales Expert says ..

Property Oracle says ..

This property is a House of Multiple Occupation (HMO) located on Radbourne Street in Mackworth, Derby. The list price is £395,000. The property appears to be newly renovated or in excellent condition, with modern fixtures and fittings throughout. Each room is individually styled and benefits from en-suite facilities. The property also includes a small shared kitchen and communal areas. The images show a modern and well-maintained interior. While the plot size is not specified, the rear yard appears to be a small gravelled area, providing limited outdoor space. More information on the land size would be needed for a more detailed assessment. The average house price in the area is £376,338, and the average price per square foot is £377. However, the square footage of this property is not provided, making a direct price per square foot comparison impossible. Considering the property type (HMO), the number of bedrooms and bathrooms (6 each), and the apparent high standard of renovation, the list price of £395,000 may be reasonable, but further information on the property’s size is crucial to confirm this. The average price of nearby terraced houses is significantly lower, suggesting this HMO commands a premium due to its size and condition. The proximity to schools and transport links is a positive factor that could also justify the price. The location is positive, with several schools within a short distance, including Royal School for the Deaf Derby and Ashgate Primary School, both rated ‘Good’ by Ofsted. Several train stations are also within a reasonable distance, providing good transport links.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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