Shonki Brothers says ..

Property Oracle says ..

This property, located at 193 Hinckley Road, Leicester, is a block of five self-contained flats currently let on assured shorthold tenancies and is being sold by auction. The exterior presents as a well-maintained terraced Victorian property, typical of its area. However, the internal images reveal dated interiors that would likely benefit from modernisation. The kitchen, though functional, is basic and in need of some modernisation. One of the bedrooms shown is adequately furnished but is fairly small and spartan and presents a picture of a fairly average condition. The bathroom is also modestly equipped with a simple shower. The property’s location on Hinckley Road offers good transport links and access to Leicester city centre, which is a positive aspect, although this may be offset by the associated traffic noise. The absence of information regarding the size of the individual flats and the overall property significantly hampers a thorough analysis and precise valuation. Furthermore, the lack of information on the current rental yield prevents a complete evaluation of its investment potential. A more comprehensive description of the property’s features and condition along with rental income and expense data would enable a more detailed and accurate assessment. The listing price of £285,000 must be considered in light of these significant data gaps. Nearby properties exhibit a wide range in prices, suggesting this area has a variable market.

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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