Martin & Co says ..

Property Oracle says ..

This six-bedroom property located on Uttoxeter New Road in Derby presents a mixed bag for potential buyers. Its location in Abbey, relatively close to Derby city centre, train stations, and a number of schools, is certainly appealing. The proximity to Derby Cathedral School and several schools with ‘Good’ Ofsted ratings is an advantage for families. The property’s size (1,100 sqft) provides ample space, particularly with six bedrooms, making it suitable for a large family or for potential rental income as a multi-unit dwelling after the necessary renovations and the obtaining of relevant planning permissions.

However, the property’s condition is a significant factor to consider. From the images, it’s clear that a substantial amount of refurbishment is required throughout. The interior currently appears largely unfurnished and lacks crucial elements such as modern kitchen appliances, updated bathrooms, and freshly carpeted/floored rooms. The overall condition might require a significant investment to bring it up to a desirable standard.

Finally, the listing is very light on detail regarding the plot size and surrounding amenities, making a full property valuation challenging. The lack of a substantial garden space, as indicated by the images and the absence of square footage details about the plot of land, could also be a drawback for some buyers. The provided nearby property listings, while helpful, contain limited specifics, hindering a more precise price per square foot comparison. While the listing price might appear appropriate for a renovated property, considering its current state, it is possible that a significant reduction might make the property more competitive in the current market.

In summary, this six-bedroom property offers great potential but necessitates substantial investment in renovations. Its location is a strong point, but the condition and limited land size are key considerations that should be carefully evaluated. The price should be viewed critically in the context of the necessary refurbishment work and the lack of information regarding price per sqft in the local area.

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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