Hannells Estate Agents says ..

Property Oracle says ..

The property is a 3-bedroom, 1-bathroom house located in Oakwood, Derby, with a list price of £275,000. The property has a plot size of 0.00 sqft, and the internal area is 559.96 sqft. Based on the provided images, the property appears to be in reasonable condition. While it’s not brand new, it seems well-maintained and habitable. There is no obvious need for major renovations, although some updating of the kitchen and bathrooms might enhance its appeal. The property benefits from a rear garden. The average house price in the area is significantly higher at £376,338, and the average price per square foot is £377. Compared to these averages, the list price of £275,000 appears relatively low. However, this needs to be considered in the context of the property’s size and condition. The smaller plot size compared to the average in the area may contribute to the lower list price. Several nearby properties on Chime Close have sold for between £167,500 and £232,000, suggesting the list price is within the range of comparable properties in the immediate vicinity. The proximity to schools and transport links is also a positive factor. Considering the condition, location, and available land, the list price of £275,000 seems reasonable, potentially even representing good value, given the lower average price per sqft compared to the area average. However, the lack of plot size information for comparable properties makes a definitive statement difficult.

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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