haart says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom house located in Lenton & Wollaton East, Nottingham. The list price is £120,000, and the property has a plot size of 580 sqft. The property appears to be in a reasonably good condition, though some minor updates or cosmetic improvements might enhance its appeal. The kitchen and bathroom seem functional but could benefit from some modernisation. The presence of a small garden is a positive feature. The location in Lenton & Wollaton East places it relatively close to Nottingham University and the Queen’s Medical Centre (QMC), which could be advantageous for students or those working at the hospital. The proximity to several schools is also a plus point for families. However, the area’s average house price is significantly higher (£255,928) than the list price of this property, suggesting it might be undervalued. The average price per sqft in the area is £289, while this property’s implied price per sqft is considerably lower. Considering the property’s condition, size, and location, the list price of £120,000 appears to be quite low compared to the average prices in the surrounding area. However, the lack of information on the condition of comparable properties makes a definitive statement difficult. The small size of the property and its relatively basic finish may account for the lower price. Further investigation into the specifics of the property’s condition and recent local sales data would be beneficial to make a more informed assessment.

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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