John German says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house with 1 bathroom, situated in East Leake, Nottinghamshire. It has a list price of £200,000 and a plot size of 893.49 sqft. The property benefits from a good-sized garden. The images reveal a modern kitchen and recently updated bathroom. The overall condition of the property appears to be good, with no obvious signs of significant repair or renovation needs. Considering the average house price in the area is £313,279, and the average price per square foot is £287, the list price of £200,000 for this 828.50 sqft property seems relatively low. However, it is important to note that the average price and price per sqft are based on larger properties than the subject property. The lower price could be attributed to the property being a semi-detached house rather than a detached property, which are generally more expensive. The lack of data on comparable properties with similar square footage makes it difficult to conclusively determine if the price is truly undervalued. The location is positive, with nearby good-rated schools like Lantern Lane Primary and East Leake Academy within a short distance. The proximity to several train stations, albeit a little further away, also adds to the property’s appeal. In summary, this property presents a potentially good value opportunity, especially considering its location and seemingly good condition, but further investigation into comparable properties is necessary to fully assess the price’s accuracy.

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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