Agent Online Services says ..

Property Oracle says ..

The property is a two-bedroom apartment located in Mapperley, Nottingham, with a list price of £140,000. The apartment is 725.06 sqft and has one bathroom. The average price for properties in the area is £249,382, with an average size of 935 sqft and an average price per sqft of £266. The apartment’s location in Mapperley, Nottingham, appears to be reasonably convenient. The proximity to several schools, including St Augustine’s Catholic Primary and Nursery School (rated ‘Good’ by Ofsted) and Huntingdon Academy (rated ‘Outstanding’), is a positive factor for families. Nottingham train station is also within a reasonable distance, providing access to public transportation. Based on the images, the apartment appears to be in generally good condition, although some minor cosmetic updates or repairs might be beneficial. The bathroom shows some signs of wear and tear, and a refresh would likely improve its overall appeal. The kitchen is functional but could benefit from some modernizing. The living areas and bedrooms are presented well and appear clean and well-maintained. The property does not appear to have a private garden or significant outdoor space, which is common for apartments. Considering the average price per sqft in the area (£266) and the apartment’s size (725.06 sqft), a rough estimate of its value would be around £192,600. The listed price of £140,000 is significantly lower than this estimate. However, the lack of plot size and the need for some minor renovations could justify the lower price. The nearby comparable listings show a range of prices, with some apartments selling for less than the listed price. Therefore, while the price is lower than the average for the area, it seems relatively reasonable in the context of the property’s size, condition, and lack of outdoor space. Further investigation into recent sales of similar properties in the immediate vicinity would provide a more precise assessment of the price’s reasonableness.

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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