Barkers says ..

Property Oracle says ..

The property is a 2 bedroom terraced house located on Ripon Street in Stoneygate, Leicester. The asking price is £225,000. Based on the provided images, the property appears to be in good condition. The interior is clean and well-maintained, with a modern kitchen and bathroom. There is some minor cosmetic work that could be done, but overall the property is presentable and livable. The property has a small, enclosed rear garden. While not expansive, it does provide some outdoor space. Considering the average price per square foot in the area is £299, and this property is 450 sqft, a comparable property might be expected to sell for around £134,550. However, the list price is £225,000. This suggests the property is overpriced compared to the average price per sqft in the area. Nearby comparable properties on Ripon Street sold for between £102,000 and £220,000, indicating a range of values. The higher end of this range is closer to the list price, but still significantly lower. The lack of sqft data for nearby properties makes a precise comparison challenging. The property’s location in Stoneygate, a generally desirable area, may contribute to the higher asking price. However, the significant difference between the average price per sqft and the implied price per sqft for this property suggests a potential overvaluation.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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