Andrew Granger says ..

Property Oracle says ..

The property is a former primary school located on Moor Road in Little Eaton & Stanley, Derbyshire. The list price is £395,000. The property has a large plot size of 4,380.91 sqft and a total area of 47,158.85 sqft. It’s situated near several amenities including Breadsall Cofe Vc Primary School (0.02 KM), which received a ‘Good’ Ofsted rating. Several other schools are within a reasonable distance, offering various educational options. The proximity to railway stations in Derby, Duffield, Spondon, Peartree, and Belper provides convenient transportation links.

The property requires significant renovation. The interior images show worn carpets, damaged walls, and outdated fixtures. The exterior, while showing some signs of age, appears structurally sound. The large plot size is a significant advantage, offering considerable potential for development or expansion.

Considering the average house price in the area is £320,049 and the average price per sqft is £327, this property’s list price of £395,000 seems relatively reasonable, especially given its considerable size and potential for development. However, the substantial renovation needed must be factored into any potential purchase price. The need for extensive refurbishment will impact the overall value and should be carefully considered by potential buyers.

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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