Auction House Readings says ..

Property Oracle says ..

The property is a 2-bedroom apartment located on Morledge Street in Leicester, with a list price of £75,000. The apartment is 537.06 sqft and situated on a 698 sqft plot.

The location is within walking distance of Leicester train station (0.61km) and several schools, including Taylor Road Primary School (rated ‘Good’ by Ofsted) and Moat Community College (also rated ‘Good’). This proximity to amenities and transport links is a positive aspect.

Based on the provided images, the apartment appears to be in generally fair condition. While not needing immediate major renovations, some minor updates or cosmetic improvements could enhance its appeal. The carpets appear worn in places and the overall aesthetic is somewhat dated.

While a plot size of 698 sqft is provided, there is no information about the presence of a garden. More information is needed to determine the quality and usability of the outdoor space.

Considering the list price of £75,000, against an average price of £302,231 and average price per sqft of £288 in the area, this property is significantly below average. However, the average sqft for the area is 1047 sqft, considerably larger than this property. The lower price may reflect the smaller size and the need for some modernisation. The lack of information on comparable properties with similar sqft makes a definitive price assessment challenging. Further investigation into recent sales of similarly sized apartments in the immediate vicinity would be beneficial to provide a more informed opinion on 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. *

Images