McGowan Housing says ..

Property Oracle says ..

The property is a two-bedroom, two-bathroom apartment located in Leicester, England. The list price is £125,000, and the property has 685.22 square feet of living space and an 813.00 square foot plot. The location is reasonably good, with nearby schools and transportation options. The average house price in the area is significantly higher (£293,000), suggesting that this property may be undervalued, especially given its proximity to amenities. However, the average price per square foot in the area (£270) is considerably higher than what this property is listed at, indicating a potential discrepancy that needs further investigation. Further research into the specific area and comparable properties is needed to fully assess the location score. Based on the provided photos, the property appears to be in fair condition. There is evidence of some wear and tear, particularly visible in the walls and some areas of the bathrooms. While the property is habitable, some repairs and/or cosmetic improvements would likely enhance its overall appeal and market value. The condition score should reflect this. The property includes a small plot of land (813 square feet), which is relatively small compared to the average in the area. The limited outdoor space is a factor to consider when evaluating the property. Considering the condition, location, and limited land size, the list price of £125,000 seems relatively reasonable, particularly in comparison to other nearby listings of similar size and type. However, the significantly lower price per square foot compared to the area average warrants further investigation to determine if the price accurately reflects the market value. A more detailed market analysis is required to provide a definitive price score.

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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