Somerby Road, Knossington
NE

Somerby Road, Knossington

By Newton Fallowell

£ 925,000

Reviews

3 out of 5 stars

Newton Fallowell says ..

*DEVELOPMENT OPPORTUNITY* Set in the highly regarded village of Knossington with open aspects to both front and rear its Spinney House. Currently used as a commercial premises with educational links, the property lends itself for change of use in to a fabulous family home. The accommodation bo...

Property Oracle says ..

The property is a large family home located on Somerby Road in Knossington, Leicestershire. It benefits from a sizable plot and is conveniently located near The Grange Therapeutic School (0.10 KM). The school has a good Ofsted rating. While there are other primary schools nearby, they are a greater distance away (3.98 KM - 8.50 KM). Access to public transportation appears limited, with the nearest train station (Oakham) being 9.33 KM away. This could be a factor for potential buyers who rely on public transport.

Based on the provided photographs, the property appears to be in good condition, though some minor cosmetic updates might enhance its presentation. The interior is generally well-maintained and spacious. The property includes a substantial garden, adding to its appeal.

The list price of £925,000 is significantly higher than the average price for properties in the area (£717,932). However, the property is considerably larger (3,324 sqft) than the average (1,680 sqft). The average price per sqft in the area is £427.00. While the list price is above average, a comparable nearby listing (White Posts, Somerby Road, Knossington) sold for £1,100,000, suggesting the asking price may not be unreasonable, considering its size, condition, and land. Further analysis of comparable properties with similar sqft and land size would be beneficial to determine a more precise valuation.

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

Price
7
Condition
8
Location
6
Land
7
Bedrooms
7
Bathrooms
5
Sqft (est)
3,324.00
Lot (est)
3,324.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
681,429.00 £
Increased by 9.78 %
from 620,704.00 £
Est sale value
1,834,848.00 £
Increased by 17.20 %
from 1,565,604.00 £
Average area rental value
4,211.00 £/mo
Increased by 103.92 %
from 2,065.00 £/mo
Est letting value
9,972.00 £/mo
Increased by 200.00 %
from 3,324.00 £/mo
Est rental Yield
7.42 %
Increased by 85.96 %
from 3.99 %
Crime Rate
1,200.00 %
Unchanged by 0.00 %
from 1,200.00 %

Agent Activity

  • Newton Fallowell created the listing.

Nearby Schools

NameTypeOfstedDistance
The Grange Therapeutic SchoolOther Independent Special SchoolGood0.10 KM
Somerby Primary SchoolAcademy ConverterGood3.98 KM
Whissendine Church Of England Primary SchoolAcademy Converter7.52 KM
Langham Cofe (Controlled) Primary SchoolAcademy ConverterGood7.60 KM
Harington SchoolFree Schools 16 To 19Outstanding8.50 KM

Images

Nearby Transport

NameNLCTLCDistance
Oakham1904OKM9.33 KM

Nearby Listings

AddressPriceTypeScoreDistance
Somerby Road, Knossington £ 925,000BUY7 / 100.00 KM
White Posts, Somerby Road, Knossington £ 1,100,000BUYUnknown0.01 KM
Main Street, Knossington £ 325,000BUY6 / 100.32 KM
Main Street, Knossington, Oakham, Rutland, LE15 £ 695,000BUY7 / 100.32 KM
Main Street, Knossington £ 725,000BUY7 / 100.32 KM

Nearby Properties

AddressPriceDistance
5 Somerby Road £ 118,0000.00 KM
33 Somerby Road £ 225,0000.00 KM
23 Somerby Road £ 530,0000.00 KM
28 Somerby Road £ 350,0000.00 KM
25 Somerby Road £ 780,0000.00 KM