Ashley Adams says ..

Property Oracle says ..

This three-bedroom end-of-terrace house located on Alma Street in Melbourne, Derbyshire, presents a mixed bag of opportunities and challenges. The property’s location is a key selling point. Situated in the desirable village of Melbourne, it benefits from relatively close proximity to well-regarded primary schools, making it attractive to families.

However, the property’s condition is a significant factor. The interior is dated and requires substantial renovation. The photos show outdated carpets, wallpaper, kitchen, and bathroom fixtures, suggesting the need for considerable modernisation. While this allows a buyer to personalize the house to their taste, it also represents a considerable upfront investment.

The property has a garden, but its size and condition need more information to accurately evaluate. The inclusion of what seems to be additional outbuildings at the rear, provides extra potential.

Finally, the price is the main point of concern. At £375,000, the cost appears somewhat elevated for a property that requires a complete refurbishment. Although there is potential in this property in Melbourne, there is also significant work required to make it a modern family home. More comprehensive information on comparable sales and property size would aid in determining a more accurate market valuation. A comprehensive survey is necessary to identify any structural issues or hidden problems that could further affect the overall cost.

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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