NCHA Sales says ..

Property Oracle says ..

This listing presents a 35% shared ownership opportunity for a two-bedroom terraced house on Mayfield Road in Ashbourne, Derbyshire. The property is presented in a modern and well-maintained condition, as shown in the accompanying photographs, featuring a contemporary kitchen and bathroom. The location is advantageous, being close to St Oswald’s Cofe Primary School, which is rated ‘Good’ by Ofsted. The proximity to Ashbourne town centre is also a plus point, given Ashbourne’s reputation as a charming and desirable market town. However, a crucial element to note is the shared ownership aspect. The £75,250 price represents only 35% of the property’s value; buyers must also factor in monthly rent and service charges, significantly impacting overall long-term costs. The absence of a garden or outdoor space is a drawback, especially if buyers are looking for more living space. The limited information on nearby transportation and the unavailability of average price per square foot data in the area hamper a complete and fully comprehensive valuation. Potential buyers should carefully weigh the pros and cons of shared ownership, conduct thorough research on long-term costs, and potentially seek independent financial advice before committing to this property. The initial asking price is low but the long-term implications are significant and should be considered.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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