Knightsbridge Estate Agents & Valuers says ..

Property Oracle says ..

The property is a 4-bedroom semi-detached house located in Stour Close, Oadby, Leicester. The list price is £270,000. The property benefits from being close to Manor High School (0.35km) and Brookside Primary School (0.40km), both of which are rated ‘Good’ by Ofsted. Leicester train station is approximately 7.86km away, providing access to regional transport links. The property also has a rear garden, albeit one that appears to require some attention. Based on the provided images, the property is in need of significant renovation. Wallpaper is peeling in several rooms, and the flooring requires updating. The kitchen and bathroom are dated and would benefit from modernisation. The overall condition of the property suggests it would require a substantial investment to bring it up to a modern standard. Given the average house price in the area is £442,056 and the average price per square foot is £330, the list price of £270,000 for this 390 sq ft property appears significantly lower. However, this discrepancy is likely due to the property’s condition. The need for extensive renovation works will likely impact the perceived value and explain the lower asking price compared to similar properties in the area. Nearby comparable properties on Stour Close have sold for significantly higher prices, ranging from £60,000 to £155,000. These properties may also require renovation, but the disparity in price suggests this property may still be undervalued even considering the necessary work.

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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