Hall & Benson says ..

Property Oracle says ..

This ground floor flat is located in Norbury Court, Allestree, Derby, and is listed at £100,000. The property has two bedrooms and one bathroom, with a total area of 575 sqft. The average price for properties in the area is significantly higher at £376,338, with an average price per sqft of £377. Considering the property’s location, it benefits from proximity to Lawn Primary School (Outstanding Ofsted rating) which is only 0.14km away. The area also has good transport links to Derby via East Midlands Railway (4.68km). However, the property itself is a ground floor flat with no garden (0 sqft plot size), which may limit its appeal to some buyers. Based on the images provided, the property appears to be in reasonable condition, although some modernisation would likely enhance its value. The carpets, wallpaper, and some of the furnishings appear dated. The kitchen, while functional, also shows signs of age. The bathroom looks clean but may benefit from some updating. Given the average price per sqft in the area (£377) and the property’s size (575 sqft), one might expect a price closer to £216,325. However, the list price of £100,000 is considerably lower. This discrepancy could be attributed to the property’s age, the lack of outdoor space, and the need for some modernisation. The lower price may make it attractive to first-time buyers or investors looking for a renovation project. The fact that similar properties in the same development have sold for between £70,000 and £110,000 supports this lower pricing. The property is a good option for those seeking an affordable property in a convenient location, close to schools and transport. However, potential buyers should factor in the cost of modernisation and the lack of outdoor space.

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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