Frank Innes says ..

Property Oracle says ..

The property is located on Rectory Road in Loughborough, Leicestershire. It’s a two-bedroom, two-bathroom house with a total area of 584.27 sqft and a plot size of 1,019.34 sqft. The list price is £190,000.

The property appears to be a terraced house, typical of many in the area. Based on the provided images, the property seems to be in relatively good condition, although some minor cosmetic updates might enhance its presentation. The kitchen and bathrooms appear functional, but a degree of modernisation would improve their aesthetic appeal. The garden is a notable feature, providing outdoor space, which is always a desirable asset in the UK housing market.

Considering the average house price in the area is significantly higher (£549,850) and the average price per sqft is £436, the listed price of £190,000 for this 584.27 sqft property appears to be considerably lower. However, the lower price may be justified by the smaller size of the property compared to the average in the area, and its location. Further analysis of comparable properties on Rectory Road reveals that the list price is in line with recent sales in the immediate vicinity, suggesting that the price is reasonable given its location and size. The lack of data on the condition of comparable properties on Rectory Road makes a definitive price comparison difficult.

The proximity to Loughborough train station (0.95km) provides convenient access to public transportation. Several schools with good Ofsted ratings are located within a short distance, making this location attractive to families.

Based on the provided information, the property presents a reasonable value proposition, particularly for buyers seeking a smaller property in a well-connected location with a garden. The lower price point compared to the area average may be a strong selling point, but prospective buyers should consider the potential need for some minor cosmetic improvements.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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