HoldenCopley says ..

Property Oracle says ..

The property is a detached bungalow located in Sherwood, Nottingham. It boasts 3 bedrooms and 2 bathrooms, spanning 1,553.45 sqft. The list price is £500,000. The property is situated in Sherwood, a desirable area of Nottingham known for its good schools and convenient access to local amenities. Several highly-rated primary schools are within a short distance, making it an attractive option for families. Nottingham city centre is also relatively close, offering excellent transport links and a wide range of shops, restaurants, and cultural attractions. This contributes to a high location score. Based on the provided images, the property appears to be a period property, retaining many original features. While it possesses character, it also shows signs of needing some modernisation and updating. The kitchen and bathrooms, in particular, seem dated and could benefit from refurbishment. The garden is a significant feature, offering ample space and a variety of mature plants and trees. However, some areas of the garden appear overgrown and could require maintenance. The property’s age and the need for some updating impact the condition score. Considering the average house price in the area is £321,814 and the average price per sqft is £323, the asking price of £500,000 for this 1,553.45 sqft property seems high. While the location and garden are desirable, the need for renovations significantly affects the perceived value. Nearby comparable properties, although limited in data, suggest a potential overvaluation. The lack of plot size information also impacts the assessment of price per sqft.

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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