Pinewood Properties says ..

Property Oracle says ..

The property is located on Mill Street in Clowne, Chesterfield, Derbyshire. It’s described as an investment opportunity comprising a studio apartment, a one/two-bedroom flat, and a commercial property. The listing mentions a sitting tenant in the flat. The location appears to be reasonably convenient, with nearby schools (Clowne Infant and Nursery School, Clowne Junior School, and Heritage High School) within a short distance. Several train stations are also relatively close by, offering transportation links. However, the specific quality of the location is difficult to assess without more detailed information about the immediate surroundings and amenities. Based on the provided photographs, the property appears to be in fair condition. While some areas show signs of wear and tear, the overall structure seems sound. There is some evidence of outdated fixtures and fittings, indicating that some modernisation or refurbishment may be desirable. The cleanliness and maintenance of the property are also relevant factors in assessing its condition. The property does not appear to have a traditional garden, but there is evidence of a small roof terrace. The size of this space is not specified, and its usability will depend on factors such as orientation, privacy, and access. The list price of £260,000 is slightly below the average price of £281,716 for the area. However, the average square footage in the area is 930 sqft, significantly larger than the 725.49 sqft of the property in question. The average price per sqft in the area is £302.00. Given that the property is a mixed-use investment opportunity, the price may be reasonable, but a detailed breakdown of the individual valuations of the studio apartment, flat, and commercial space would be necessary for a more informed assessment. The presence of a sitting tenant could also impact the overall value and the reasonableness of the asking price.

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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