Frank Innes says ..

Property Oracle says ..

This two-bedroom terraced house in Derby’s Abbey area presents a mixed opportunity for potential buyers. The property’s location is a positive aspect. It’s within reasonable proximity to Derby city centre, offering convenient access to shops, restaurants, and other urban amenities. Several primary and secondary schools are also located nearby, though potential buyers should check Ofsted ratings and reports for the schools to assess their quality. The train station is also relatively close for commuters.

However, the property’s condition presents a significant challenge. The provided photographs reveal an interior that needs a comprehensive refurbishment. The décor is dated, and the overall cleanliness and tidiness leave much to be desired. The bathroom appears particularly tired and in need of significant updating. Additionally, the property is described as a terraced house, suggesting a lack of extensive outdoor space, and the small yard needs attention. The kitchen, though functional, appears dated and crowded. A prospective buyer should budget for extensive renovations and improvement works across the property.

In summary, this property offers a potential investment in a desirable location, but any purchase would involve substantial upfront costs associated with improving the property’s condition. A thorough survey would be recommended before proceeding with any purchase to identify hidden issues or potential structural problems. The list price should be carefully weighed against the costs of renovation, taking into consideration the potential for added value after completing the refurbishment. Whilst the listed price does appear somewhat reasonable compared to other properties in the area based on limited data, the renovation costs would need to be considered before forming a conclusion on the investment potential.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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