Frank Innes says ..

Property Oracle says ..

The property is a 3-bedroom, 2-bathroom bungalow located in Newbold Coleorton, Leicestershire. It’s a relatively new build, with modern fixtures and fittings throughout. The property boasts a good-sized garden, enclosed by a wooden fence.

The location is reasonably good. Newbold Coleorton is a small village, so amenities might be limited. However, there are several well-regarded primary schools within a reasonable distance, including Newbold Church of England Primary School (0.65km) and Worthington School (2.15km) which is rated ‘Outstanding’ by Ofsted. This makes it suitable for families with young children. The proximity to larger towns like Coalville would provide access to a wider range of amenities.

Based on the images, the property appears to be in excellent condition. It is a new build and shows no signs of wear and tear or needing renovation. The internal finishes are modern and high quality.

The plot size is 1,287 sqft, which is relatively small for a detached property but adequate for a bungalow. The presence of a garden adds to the desirability and value.

Considering the list price of £425,000, the average price in the area is £528,496, and the average price per sqft is £561. The property’s size of 1,110 sqft should, based on the average price per sqft, be in the region of £622,000. However, this is not taking into account the condition or the plot size. The property is in excellent condition, which increases its value, and the presence of a garden further enhances its appeal. Therefore, while slightly below the average price for the area, the list price seems reasonable, especially considering the modern condition and the included garden. The lower price may be due to the smaller plot size compared to other properties in the area.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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