McHugh & Co says ..

Property Oracle says ..

This two-bedroom terraced house in Clowne, Chesterfield is listed for £40,000. The property requires significant renovation, as evidenced by the images showing damaged walls, outdated fixtures, and a generally unkempt state. While the location benefits from proximity to schools and transportation (Creswell train station is approximately 5.48 km away), the property itself presents considerable challenges. The small plot size offers limited outdoor space. Compared to the average house price of £281,716 and average price per sqft of £302 in the area, the list price appears exceptionally low, potentially reflecting the extensive renovation needed. However, nearby comparable properties on North Road range from £38,000 to £73,000, suggesting the listing price is within the range of similar properties in the area, albeit at the lower end. The lack of information regarding the sqft of nearby properties makes a direct comparison difficult. The property is in need of significant modernisation and is likely to appeal to investors or buyers willing to undertake substantial renovations.

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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