Henrys Simms says ..

Property Oracle says ..

This four-bedroom property located on Alfreton Road in Codnor, Derbyshire presents itself as a potential investment opportunity with several aspects requiring consideration. The property’s current state suggests it will require substantial modernisation, as the photos reveal dated interiors, carpets and fittings. While the layout provides four bedrooms and a single bathroom, the accommodation currently seems underwhelming. The kitchen and bathroom are outdated and would benefit from complete renovations. The exterior shows a brick building and the photos show a small, paved area rather than a sizeable garden. The listing highlights potential for an annexe, making this property potentially attractive to those wanting to create additional living space, renovate to a higher standard and perhaps rent sections of the property. The location is a plus, being near a ‘Good’ Ofsted-rated primary school, which adds to family appeal. The proximity to the High Street offers ease of access to local shops and amenities. However, accessibility to larger towns and cities requires transportation and this is something potential buyers should consider. The lack of square footage information and average price per square foot data in the available information makes a comprehensive price analysis currently impossible. A thorough survey to identify any structural issues and accurate costings of any necessary refurbishment would be essential before deciding if the £300,000 asking price is justified. In summary, potential buyers should be prepared for significant investment for renovation and refurbishment costs. The property’s potential is promising, especially for those willing to undertake a full renovation project. A detailed structural survey and a realistic estimate of the necessary renovation costs are highly recommended prior to purchasing this property.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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