Purplebricks says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house located in Little John Close, New Ollerton, Newark, Nottinghamshire. The list price is £130,000, and the property is 241.58 sqft with a 928 sqft plot size. The property is situated within a reasonable distance of several schools, including The Dukeries Academy and The Parkgate Academy, both rated \‘Good\’ by Ofsted. This positive aspect enhances the property’s appeal to families. The presence of a garden is confirmed in the photos, adding to the property’s overall value. Based on the provided images, the property appears to be in need of modernisation. The décor is dated, and some areas show signs of wear and tear, particularly in the kitchen and bathrooms. While structurally sound, significant cosmetic improvements would be necessary to bring the property up to a contemporary standard. This is reflected in the relatively low average price per sqft for the area (£207) compared to the property’s list price. Considering the average house price in the area is £190,926 and the average price per sqft is £207, the list price of £130,000 for this 241.58 sqft property seems reasonable, particularly given its condition and the need for modernisation. However, the lack of comparable property data in terms of sqft limits a precise evaluation of the price-to-sqft ratio. The presence of a garden, however, adds value to the property. The property’s location, proximity to good schools, and the inclusion of a garden are positive factors. However, the need for significant renovations is a significant drawback. The overall value proposition needs to be considered carefully, balancing the potential for improvement against the cost of renovations.

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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