Newby & Co says ..

Property Oracle says ..

The property is a two-bedroom terraced house located on Kensington Street in Leicester’s Belgrave area. The list price is £220,000. The property is in need of significant renovation. The interior photos reveal outdated fixtures, exposed plasterboard, and worn flooring throughout. The kitchen features dated cabinets and a seemingly old range cooker. The bathroom also needs updating. This suggests a considerable amount of work is required before the property is habitable. The property benefits from a small yard or rear garden, providing some outdoor space, although it appears to be relatively small. The lack of plot size information makes a precise assessment difficult. Considering the average house price in the area is £522,019 and the average price per square foot is £357, the list price of £220,000 for this 738.08 sqft property seems relatively low. However, the significant need for renovation must be factored in. Nearby comparable properties on Kensington Street are listed between £230,000 and £280,000, although their square footage is not provided. Other nearby terraced houses show a wide range of prices, from £90,000 to £325,000, highlighting the variability in the market based on condition and location-specific factors. The proximity to Leicester city centre and several schools could be considered positive location features, however, more specific information regarding the quality of the schools and the property’s exact location within Belgrave would be needed for a complete assessment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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