William H. Brown says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house located on Kingston Road in Carlton-in-Lindrick, Worksop, Nottinghamshire. The asking price is £120,000. The property requires significant renovation. The interior images show that the property needs complete modernisation throughout. The flooring, walls, kitchen, and bathroom all need updating. This will represent a substantial cost to any prospective buyer. The property benefits from a garden, which appears to be reasonably sized, offering potential for outdoor space. However, it also appears to be somewhat overgrown and in need of some attention. The location is reasonably good, with nearby primary and secondary schools rated ‘Good’ by Ofsted. Transport links are available via train stations at Worksop and Shireoaks, although the distances are several kilometres. The average house price in the area is significantly higher than the asking price of this property, suggesting it could be undervalued if renovated. However, the significant renovation required must be factored in. Given the need for extensive renovation, the presence of a garden, and the location near schools and transport links (albeit at a distance), the asking price of £120,000 appears to reflect the property’s current condition. However, the value after renovation could be substantially higher. The average price per sqft in the area is not useful here given that the sqft of the property is not provided.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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