Connells says ..

Property Oracle says ..

The property is a one-bedroom ground floor flat located on New Street, Earl Shilton, Leicester. The area has a mix of property types, with nearby terraced houses selling for between £100,000 and £135,000. A detached bungalow on the same street recently sold for £290,000, indicating a significant price difference based on property type. Other nearby flats are listed between £125,000 and £145,000. The average house price in the area is considerably higher at £273,605, with an average price per square foot of £249. This suggests that the property is priced lower than the average for the area. However, the average square footage of houses in the area is significantly larger (1098 sqft) than the subject property (575 sqft), making direct price comparisons challenging. The property’s condition appears to be fair. While the images show a functional space, some minor cosmetic updates or repairs might be needed. The kitchen and bathroom appear dated but clean and usable. The exposed brickwork in the living area adds character. The lack of outdoor space is a notable drawback. The location is reasonably convenient, with several primary schools within a kilometer radius, some rated “Good” by Ofsted. Hinckley train station is approximately 7km away, offering a connection to other areas. However, the immediate surroundings appear to be primarily residential. Considering the property’s smaller size, average condition, lack of outdoor space, and location, the asking price of £110,000 seems relatively reasonable compared to similar properties in the area, particularly other flats. However, it is significantly below the area average, potentially reflecting the property’s size and lack of land.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images