William H. Brown says ..

Property Oracle says ..

The property is a ground floor flat located in Edwalton, Nottingham. Edwalton is a popular residential area with good access to local amenities and schools. The nearby Edwalton Primary School has a ‘Good’ Ofsted rating, indicating a positive attribute for families with young children. Several other schools with varying Ofsted ratings are also within a reasonable distance. The proximity to Nottingham city centre, albeit 5.43km away, provides access to further amenities and employment opportunities. However, the lack of detailed information on local shops and transportation links directly surrounding the property limits a more comprehensive assessment of the location score.

Based on the provided images, the property is in need of significant renovation. The interior shows outdated fixtures, worn carpets and wallpaper, and a general lack of maintenance. The kitchen and bathroom are particularly dated and require complete modernisation. The exterior, while showing a relatively intact structure, also suggests a need for landscaping and general upkeep. This overall state necessitates substantial investment to bring the property up to a modern standard.

The property includes a small rear garden. While present, its size and condition appear modest and require attention. The garden is overgrown and lacks any significant landscaping features. The presence of a garden, however small, is a positive aspect, particularly for those seeking outdoor space.

The list price of £130,000 is considerably lower than the average house price in the area (£253,324). However, the average price per square foot (£291) is not directly comparable due to the lack of square footage information for the nearby properties. The property’s condition significantly impacts its value, requiring substantial renovation costs. Considering the need for renovations and the smaller size of the flat compared to average properties in the area, the list price might be considered relatively reasonable, although a detailed cost analysis of the necessary renovation works would be needed to provide a more definitive assessment. The lower price point may reflect the property’s condition and the need for significant investment. Considering similar properties on Woodview, the price seems to align with other flats in the area.

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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