Hannells Estate Agents says ..

Property Oracle says ..

The property is a 3-bedroom end of terrace house located in Chaddesden, Derby, with a list price of £140,000. The property has a small garden. Based on the images provided, the property is in need of modernisation and renovation. The interior features dated decor, carpets, and fixtures. The kitchen and bathroom appear particularly outdated. The garden is overgrown and requires attention. The average house price in the area is significantly higher at £376,338, with an average price per square foot of £377. While this property is considerably lower, it’s important to note that the average price per sqft is likely skewed by larger, more expensive properties in the area. The lower price of this property reflects its condition and the need for substantial refurbishment. The small plot size also contributes to the lower price point compared to the area average. The location benefits from proximity to Derwent Primary School (rated ‘Good’ by Ofsted), and other schools within a reasonable distance. Derby train station is also relatively close, providing access to public transportation. Considering the property’s condition, the need for renovation, and the relatively small plot size, the list price of £140,000 may be reasonable for a buyer willing to undertake a significant refurbishment project. However, the price is significantly lower than the average for 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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