Burchell Edwards says ..

Property Oracle says ..

The property is a 2 bedroom terraced house located on Derby Road, Heanor, Derbyshire. The list price is £150,000. The property appears to be in good condition. The interior is well-maintained and recently decorated. The kitchen has been modernised with new units and appliances. There is a small, but well-maintained rear garden with a patio area and additional space for planting. The location is good, with several primary schools within a short distance. Transportation links are also relatively close by. However, the area’s average house price (£221,234) significantly exceeds the list price of this property, which may indicate that it is underpriced. However, further investigation into comparable properties is needed to confirm this. The average price per square foot in the area is £236, and this property is 655 sqft. This means that the property is potentially under-valued. The property benefits from having a small rear garden. Considering the property’s condition, location, and land size, the price of £150,000 appears to be reasonable, potentially even below market value given the average price per sqft in the area and the average house price. However, the lack of sqft information for nearby properties makes a precise comparison difficult. The property also benefits from having a small, but well-maintained rear garden.

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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