Corley Estate Agents says ..

Property Oracle says ..

The property is a 2-bedroom flat located on Cherryleas Drive in Leicester, Leicestershire. The list price is £100,000. The average property price in the area is £193,827, with an average price per square foot of £221. The property requires significant renovation. The walls and floors show considerable damage and require complete refurbishment. The kitchen and bathroom are dated and also need updating. The garden is overgrown and needs attention. While the property benefits from a small garden, its current condition significantly detracts from its value. The location is relatively close to several schools, including King Richard III Infant and Nursery School (rated ‘Good’ by Ofsted), and is within reasonable distance of Leicester train station. However, the lack of specific information on the quality of local amenities and the overall desirability of the area makes a definitive assessment of location difficult. Given the property’s condition and the significant renovation needed, the list price of £100,000 appears to be relatively low compared to the average price in the area. However, without knowing the square footage of the property, a precise evaluation of the price-to-square-foot ratio is impossible. The nearby comparable properties, while varying in type, suggest that the price may be reasonable considering the need for extensive renovation.

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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