Robert Ellis says ..

Property Oracle says ..

This two-bedroom terraced house located on Nottingham Road in Ilkeston, Derbyshire, is currently listed for sale at £45,000. The property is being sold at auction. The provided photographs reveal a property in significant need of modernisation and repair. Both the interior and exterior display clear signs of wear and tear, with outdated fixtures, damaged walls, and overgrown gardens. The house’s layout includes two bedrooms and one bathroom. The precise square footage is not specified in the listing, however, the auction details of properties on Nottingham Road suggests that a figure near 790 sqft may be an estimate. The property’s location offers proximity to Ilkeston town centre and nearby schools, including some with good Ofsted ratings, but further details about the specific neighborhood and its character would improve the assessment. The asking price, considered in relation to the needed renovations and the condition of the property, may be considered competitive within the current market climate and in relation to similar auction properties in the area. Potential buyers should be aware that significant investment will be required to bring the property up to a modern, habitable standard. The lack of detail regarding the property size (sqft) makes it difficult to compare price per square foot with similar properties, and hence, makes a concrete value judgement difficult. Prospective buyers should factor in a comprehensive survey and a detailed cost estimate for renovations before making an offer.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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