David James Estate Agents says ..

Property Oracle says ..

This property is a 5-bedroom, 2-bathroom semi-detached house located in Mapperley Park, Nottingham. The list price is £550,000, and the property has a plot size of 2,700.99 sqft. The house is in need of significant renovation, as evidenced by the images provided. The interior shows considerable wear and tear, with damage to ceilings and walls. The garden is overgrown and requires attention. While the location is desirable, being in Mapperley Park, the condition of the property significantly impacts its overall value. The average house price in the area is £249,382, with an average price per sqft of £266. This property is significantly above average in terms of price, likely due to the size and location. However, the required renovation work will be substantial, making the price potentially high for the condition. Nearby properties show a range of prices, with some significantly higher and others lower than the listed price. The nearby schools include Haydn Primary School (Outstanding Ofsted rating) and St Augustine’s Catholic Primary and Nursery School (Good Ofsted rating), suggesting a good school catchment area. Transportation links appear to be reasonably close by, with several railway stations within a few kilometers. Considering all factors, the property represents a significant investment opportunity, but potential buyers should factor in the extensive renovation costs.

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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