McGowan Housing says ..

Property Oracle says ..

The property is a three-bedroom terraced house located on Factory Road in Hinckley, Leicestershire. The list price is £140,000. The average house price in the area is significantly higher at £296,518, with an average price per square foot of £317. However, the provided data lacks crucial information regarding the square footage of the subject property, preventing a precise price-per-square-foot comparison. Several nearby terraced houses on Factory Road have recently sold for between £103,000 and £180,000, suggesting the list price is within the range of comparable properties in the immediate vicinity. The property benefits from a small, enclosed rear garden, which is a positive feature. The images suggest the property is habitable but could benefit from some modernisation and cosmetic improvements. The overall condition appears to be fair, but not excellent. There is evidence of some wear and tear, particularly in the bathrooms and some of the interior decor. The boiler appears relatively modern, which is a positive aspect. The location is convenient, with a railway station within reasonable proximity. Several primary schools are nearby, offering families a variety of educational choices. The proximity to these amenities enhances the property’s desirability. Given the lack of square footage information, a definitive assessment of the price’s reasonableness is challenging. However, considering the lower end of the comparable sales prices in the area and the need for some modernisation, the list price of £140,000 could be considered reasonably priced, particularly for a first-time buyer or investor seeking a property with potential for improvement.

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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