Mike Ford Estate Agents & Valuers LTD says ..

Property Oracle says ..

The property is a 1-bedroom flat located on Kestrel Road in Melton Mowbray, Leicestershire. It’s listed at £65,000 and has a size of 252.10 sqft. The average house price in the area is significantly higher at £717,932, with an average price per sqft of £427. This suggests that the property is priced considerably lower than the average for the area. However, it’s important to note that this average includes much larger properties. The nearby properties listed show a range of prices, with some semi-detached properties selling for between £119,950 and £215,000. This provides some context for the listing price, but without knowing the size of these properties, a direct comparison is difficult. The property appears to be in reasonable condition considering its age. While some minor cosmetic updates might be desirable, there are no major structural issues visible in the provided images. The bathroom shows some signs of wear and tear, particularly with the damaged tiling. The property’s location is near several schools, including Long Field Spencer Academy which has a “Good” Ofsted rating. The proximity to Melton Mowbray train station (1.19km) provides convenient access to transportation. The immediate surroundings appear relatively quiet and residential. The property does not appear to have a private garden, and the plot size is only 252.10 sqft, which is the same as the property size, suggesting that it is a flat without any external space. Considering the lower price point compared to other properties in the area, the relatively good condition (despite needing some minor updates), and the convenient location, the listed price of £65,000 could be considered reasonable for a first-time buyer or investor looking for a property in this location. However, the lack of outdoor space is a significant factor to consider.

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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