Tranquility Homes Ltd says ..

Property Oracle says ..

The property is a 1-bedroom apartment located in South Wigston, Leicestershire. The apartment is part of a converted building, and the photos show a modern, newly renovated interior. The apartment has a modern kitchen and bathroom. The location benefits from being close to South Wigston train station (0.54km), several schools including Parkland Primary School (rated ‘Good’ by Ofsted) and South Wigston High School (rated ‘Requires Improvement’), and a Sure Start Children’s Centre.

The list price is £129,950. The average price for properties in the area is significantly higher at £233,095, and the average price per square foot is £245. While this apartment is smaller (300 sqft) than the average (950 sqft) in the area, the price per sqft is considerably lower than the area average. However, the lack of outdoor space (0 sqft plot size) is a significant factor to consider. Nearby comparable properties are mostly terraced houses, making direct comparison difficult. Some nearby properties have sold for significantly less, while others have sold for more. This suggests that the price could be considered reasonable given the size and condition of the apartment, but further analysis of comparable apartment sales would be beneficial.

Considering the factors above, the property appears to be in excellent condition, benefits from a convenient location near transport links and schools, but lacks outdoor space. The price may represent good value given the current market conditions in the area, but a lack of comparable apartment sales data makes it difficult to definitively assess the price’s reasonableness.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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