Wilson Estate Agents says ..

Property Oracle says ..

This three-bedroom terraced property is located on Spencer Street, Chesterfield, Derbyshire. The property benefits from being close to several primary schools which have received a “Good” Ofsted rating, including St Mary’s Catholic Primary School (0.35km) and Abercrombie Primary School (0.40km). Chesterfield train station is also within reasonable proximity (1.26km), providing convenient access to transport links. The property itself includes a garden, though the images suggest it requires some maintenance. The interior shows a mix of features; some areas appear well-maintained, such as the bathroom, while others, such as the living room floor, require attention. The kitchen is functional and includes a washing machine. The property also features a converted loft space. Given the average house price in the area is considerably higher (£284,708) than the list price of £155,000, and considering the smaller size (915.04 sqft compared to the average of 1300 sqft), the price may appear initially attractive. However, the property’s condition needs to be factored in. The property requires some renovation work, particularly to the flooring and possibly some cosmetic updates. The average price per square foot in the area is £219, but this is likely skewed by larger properties. The smaller size and need for renovation work justify a lower price than the area average. The presence of a garden, albeit one needing attention, adds value. Nearby comparable terraced houses on Spencer Street have sold for between £90,000 and £115,000, suggesting the list price of £155,000 is at the higher end of the range for this street.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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