Frank Innes says ..

Property Oracle says ..

This three-bedroom terraced house in Chelwood Drive, Nottingham is listed at £260,000. The property benefits from a modern kitchen and conservatory, and the images suggest it is in good condition, requiring no immediate renovation. The garden is relatively small but well-maintained, providing some outdoor space. The location is within reasonable proximity to several schools, with Carlton Digby School, rated as ‘Outstanding’ by Ofsted, being particularly close. Several train stations are also within a reasonable distance, providing good transport links.

However, the average house price in the area is significantly higher at £424,048, and the average price per square foot is £307. Considering the property’s size (819.24 sqft) and the lower average price per sqft in the area (£307), the asking price of £260,000 may initially seem reasonable. However, the lack of information on the property’s condition and the smaller plot size compared to the average in the area should be taken into consideration. Further investigation into comparable properties in the immediate vicinity would be beneficial to determine a more precise valuation. The presence of a garden and the proximity to good schools and transport links are positive attributes that could influence the final valuation.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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