Newton Fallowell says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house located on Park Drive in Leicester Forest East, Leicestershire. It has a list price of £259,950 and a plot size of 1,023.65 sqft. The house is situated in a residential area with nearby schools, including Fossebrook Primary School (rated ‘Good’ by Ofsted) within a short distance. Train stations are also accessible, with Narborough station being approximately 6km away.

The property’s condition appears to require some modernisation. The interior shows dated fixtures and fittings, suggesting a need for renovation to bring it up to modern standards. The kitchen and bathroom, in particular, appear to be in need of updating. While there is a garden, it is of average size for a property of this type.

Considering the average house price in the area is significantly higher at £447,117, and the average price per sqft is £431.00, the listed price of £259,950 for this property seems relatively low. However, this needs to be considered in the context of the property’s condition. The need for modernisation could explain the lower price point compared to other properties in the area. Nearby comparable properties on Park Drive have sold for prices ranging from £159,950 to £350,000, indicating a degree of price variability. The lack of sqft data for these comparable properties makes a precise price per sqft comparison difficult.

Based on the available information, the property presents a potential opportunity for buyers willing to undertake some renovation work. The relatively low price could offset the costs of modernisation, making it potentially good value for money.

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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