Mike Ford Estate Agents & Valuers LTD says ..

Property Oracle says ..

The property is a one-bedroom terraced house located on Bishop Street in Melton Mowbray, Leicestershire. The asking price is £135,000. Based on the provided images, the property appears to be in good condition. The kitchen and bathroom have been recently updated, and the rest of the property seems well-maintained. There is a small, paved rear garden. The location is reasonably convenient, with nearby schools and a railway station. However, the average house price in the area is significantly higher than the asking price of this property. This suggests that the property may be undervalued, but further investigation into the specifics of the property and its condition would be needed to confirm this. The average price per square foot in the area is £427. This property is listed at approximately £230 per square foot. This is considerably lower than the average for the area. However, it is important to note that the average price per square foot may not be entirely representative of the value of this specific property, given its size and the fact that it is a terraced house rather than a larger property. The smaller plot size compared to the average property size in the area may also be a contributing factor to the lower price per square foot. Considering the property’s apparent good condition, its convenient location and the lower than average price per square foot, the list price appears to be reasonable. However, a full survey would be recommended to confirm the condition of the property and to identify any potential issues that may affect its value.

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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