Nicholas Humphreys says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house located in Rainworth, Nottinghamshire, with a list price of £120,000. The property has a plot size of 931 sqft and is 830.31 sqft in size. The property is in need of significant renovation. The walls show significant damage and dampness, and the flooring and carpets are worn. The kitchen and bathroom are outdated and require complete modernisation. The property benefits from a small rear garden, although it appears to be unkempt and requires attention. The size of the garden is relatively small compared to other properties in the area. Considering the average house price in the area is £279,500 and the average price per sqft is £243, the list price of £120,000 for this property appears to be significantly below the average. However, this is likely due to the property’s poor condition and the need for extensive renovation work. The price reflects the need for substantial investment. Nearby comparable properties are priced higher, suggesting that this property is undervalued, provided the necessary renovations are carried out. The location is close to schools and some transport links.

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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