Shonki Brothers says ..

Property Oracle says ..

This property, located at 1 & 1a Erith Road in Aylestone, Leicester, is presented as a freehold investment opportunity currently divided into two one-bedroom flats, one of which is let. The exterior suggests a terraced property in need of some cosmetic enhancements. Internally, the photos show a mix of updated areas and rooms requiring some level of renovation or modernisation. While the kitchen and bathroom have received some improvements, other areas such as the living rooms appear dated and could benefit from fresh decor and possibly flooring updates. The provided images also highlight that this property is a converted terrace property and has very limited external space. The location in Aylestone offers proximity to Leicester City Centre and local amenities, including schools. The lack of square footage information makes it difficult to conclusively determine the price per square foot and thus a full comparison with similar properties. However, nearby comparables suggest the asking price may be reasonably competitive for the area given the auction format and the property’s existing rental income. In summary, this property presents a mixed bag; while the location is reasonable and the price appears competitive given the circumstances, it requires further assessment via a physical inspection and local market knowledge.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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