Phillips George Estate Agents says ..

Property Oracle says ..

The property is a two-bedroom apartment situated in Templar House, in Leicester city center. Its location benefits from proximity to Leicester train station (0.46km), several schools including Beauchamp City Sixth Form (0.37km) and The Children’s Hospital School (0.97km), and various amenities typically found in a city center. The ease of access to public transport and educational institutions makes this location attractive, particularly for students or young professionals.

The photos reveal a modern apartment in seemingly good condition. The kitchen and bathroom appear clean and well-maintained with modern fixtures and fittings. The living area and bedrooms are presented neatly, suggesting the property is ready for immediate occupation. There is no evidence of significant repairs or renovations being required.

The property’s size is 6,253.83 sqft, which is significantly larger than the average property size in the area (1,047 sqft). However, it is important to note that this is an apartment, and the plot size is likely shared with other units within Templar House. Therefore, the land score will reflect the lack of private outdoor space.

Considering the list price of £140,000, the average price in the area (£302,231) and average price per sqft (£288), this property appears to be significantly underpriced. However, it’s crucial to consider that the average price and price per sqft may not accurately reflect the value of apartments in the area, especially given the size of this particular property. The lack of comparable sales data for similar apartments in the immediate vicinity makes a definitive price assessment challenging. Nearby comparable properties are limited and lack sufficient data to provide a robust comparison.

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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