Robert Ellis says ..

Property Oracle says ..

This two-bedroom maisonette in Sherwood, Nottingham, presents a mixed bag of advantages and disadvantages. Its location in Sherwood is a key positive; this area is known for its family-friendly atmosphere and proximity to good schools (several are within walking distance, though details about those schools require more research). The property’s proximity to Mansfield Road offers local conveniences, although transport details require further scrutiny.

However, the property’s condition is a major drawback. The images show significant cosmetic wear and tear throughout, requiring extensive renovation and redecoration. The dated kitchen and bathroom need modernising, as does much of the interior décor. This will represent significant costs for any prospective buyer. Adding to the challenge is that this is an over 55’s property. For this reason only the market for over 55’s homes should be considered.

The lack of a garden or significant outdoor space is another significant limitation, as many buyers desire outdoor space. This aspect could impact the appeal to buyers compared to alternative homes in the area, and will need to be priced accordingly. The pricing of £115,000 seems to reflect the need for renovation work, however further data on other properties for sale in the same block or complex would provide a more precise opinion. Overall, this property presents a significant renovation project, requiring a buyer willing to invest considerable time and money to update it to current standards. The location’s positive aspects might outweigh the substantial renovation requirements, but the lack of land and the target demographic must be carefully considered.

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

Images