Mark Webster & Company says ..

Property Oracle says ..

The property is a detached bungalow located on Riverside in Witherley, Leicestershire. It boasts 2 bedrooms and 2 bathrooms, spanning 1,165 sqft on a plot of the same size. The list price is £485,000.

The property appears to be in excellent condition. The images show a recently renovated interior with modern fixtures and fittings throughout. The kitchen and bathrooms are contemporary and well-maintained. There is also evidence of a recently landscaped garden. This suggests a high level of upkeep and minimal need for immediate repairs or renovations.

The property includes a sizable garden, visible in the provided images. It features a patio area and well-maintained landscaping. The presence of a garden adds to the overall appeal and value of the property.

Considering the list price of £485,000, the average price in the area is £190,953, and the average price per sqft is £255. This property is significantly above the average price, however, the average sqft is significantly lower than the property in question. The higher price point can be justified by its excellent condition, the inclusion of a garden, and its location on Riverside. While nearby properties on Riverside have sold for considerably higher prices, there are also comparable properties on other streets at lower price points. Therefore, a more detailed analysis of comparable properties with similar features and conditions is needed to fully assess the value.

Based on the provided information and images, the property is well-located, in excellent condition, and has a garden. The price, while higher than the area average, may be justified given the property’s condition and location. Further analysis of comparable properties would refine this assessment.

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

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