Ibbotson Estates says ..

Property Oracle says ..

The property is a former Methodist Church located on Chapel Street in Kilburn, Derbyshire. The asking price is £195,000. The property appears to be in need of significant renovation. While the exterior is structurally sound, the interior photos show that the flooring requires complete replacement in at least one area and the overall condition suggests a substantial amount of work is needed. The property benefits from a relatively large plot size, as evidenced by the provided site plan. However, the lack of specific square footage measurements for both the building and the plot prevents a precise assessment of land and price per square foot. The location in Kilburn offers proximity to Kilburn Junior School and Kilburn Infant and Nursery School (both within a short walking distance), making it potentially attractive to families. The nearby train stations at Belper, Duffield and Ambergate provide access to public transport. However, the overall desirability of the location and its impact on property value requires further investigation, as the provided data on average prices and price per square foot in the surrounding area shows a significant difference between this property’s listing price and the average. The average house price in the area is significantly higher, at £361,512, while the average price per square foot is £399. The nearby properties for sale on Chapel Street range from £82,000 to £272,500, indicating a wide price range in the area. The lack of square footage data for these properties makes a precise comparison difficult. Given the condition of the property, the substantial renovation required, and the lack of precise square footage data, the asking price of £195,000 requires further analysis. A detailed survey and cost estimate for the necessary renovations would be required to determine if this price represents good value for money. The large plot size is a positive factor, but its value is difficult to assess without precise measurements.

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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