eXp UK says ..

Property Oracle says ..

The property is a 2 bedroom apartment located on Main Road, Renishaw, North East Derbyshire, England. The list price is £140,000 and the property has 1024.72 sqft of living space.

The property appears to be in need of modernisation. The carpets and decor are dated, and some areas show signs of wear and tear. The kitchen and bathroom are particularly tired, requiring significant updating. The property benefits from a small garden area and a detached garage.

The location is reasonably convenient, with Renishaw Primary School within a short distance. However, the area’s average house price is considerably higher than the list price of this property, suggesting it may be undervalued, although more information is needed to confirm this. The average price per sqft in the area is £432, while this property is listed at a significantly lower price per sqft. Nearby properties on Main Road have varied prices, ranging from £30,000 to £227,000, which indicates a lack of consistency in pricing. The lack of plot size information for nearby properties makes it difficult to make a full comparison. The proximity to train stations in Kiveton Bridge and Woodhouse could be considered a positive aspect of the location.

Given the condition of the property, the relatively small plot size, and the need for modernisation, the list price of £140,000 might be considered reasonable, especially given the lower average price per sqft compared to the area average. However, the significant disparity between the list price and the average house price in the area warrants further investigation.

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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