McGowan Housing says ..

Property Oracle says ..

This two-bedroom terraced property located on Beatrice Road in Leicester’s Fosse area presents a mixed bag of opportunities and challenges. Its significant size (2046 sqft) is a definite advantage, offering ample living space. The location is reasonably convenient, with nearby schools like Fosse Mead Primary Academy and Inglehurst Junior School (both rated ‘Good’ by Ofsted), and relatively easy access to Leicester city centre via public transport. The presence of a local supermarket further enhances convenience.

However, the property’s condition is a major drawback. The photographs reveal a need for substantial renovation and modernisation. The kitchen and bathroom are particularly dated and require significant work, with visible signs of wear and tear and potential damp issues. The overall cleanliness and presentation could also be significantly improved. The lack of a garden is another point to consider for potential buyers seeking outdoor space.

In terms of pricing, the £140,000 asking price appears relatively competitive considering the property’s size and location, when compared to other similar properties on Beatrice Road and nearby streets like Storey Street. However, potential buyers must factor in the substantial renovation costs, which could significantly impact the overall investment. A thorough survey is essential before committing to a purchase to fully assess the extent of necessary repairs and their associated costs. The property would likely appeal most to investors or buyers willing to undertake a significant renovation project.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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