Robert Ellis says ..

Property Oracle says ..

This three-bedroom detached property in Risley, Derbyshire, presents a unique opportunity for buyers looking for a project. Located on Derby Road, the property benefits from a semi-rural setting whilst remaining reasonably close to key amenities and transportation links. The significant amount of land surrounding the property is a key selling point, offering substantial garden space and potential for future development (subject to planning permission). However, the property’s condition requires considerable modernisation. The interior displays dated decor, carpets, and kitchen and bathroom fixtures. Whilst the structure appears sound, prospective buyers should budget for a significant renovation project. Comparable properties in the area, while exhibiting a price range, demonstrate that the listing price of £450,000 is plausible but perhaps slightly on the higher end due to the needed refurbishment. The property’s suitability depends largely on the buyer’s willingness to undertake a renovation project, weighing the cost of modernisation against the substantial benefits of the land and relatively good location. Therefore, a detailed survey and cost assessment of the necessary renovations would be highly recommended before making any purchasing decision.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images