Morledge Street, Leicester, LE1
MC

Morledge Street, Leicester, LE1

By McGowan Housing

£ 125,000

Reviews

2 out of 5 stars

McGowan Housing says ..

Buy-to-Let Opportunity | Long Term Tenant Currently Situated | 1 Bedroom Flat | Spacious Lounge | Well Maintained Property | Prime Rental Location Within Leicester

Property Oracle says ..

This one-bedroom flat in Leicester city centre presents a mixed bag for potential buyers. The property’s location in the Castle area is undoubtedly a significant advantage, offering easy access to the city’s amenities, transport links including Leicester train station, and various educational institutions. The proximity to several schools, including Moat Community College with a ‘Good’ Ofsted rating, adds to its family-friendly appeal. However, the exterior of the building is currently undergoing major renovations, as evidenced by extensive scaffolding. This factor could be a significant deterrent for some buyers.

The interior of the flat shows modern furnishings and design, a decent living space and a seemingly well-maintained bathroom and kitchen. However, some aspects might require minor refurbishments or cosmetic upgrades to enhance its presentation to potential buyers or renters. The absence of any outdoor space is a notable drawback for many homebuyers.

The price appears relatively competitive within the context of nearby comparable properties. The presence of a long-term tenant might also make it attractive for a buy-to-let investment. However, the ongoing external building works present a variable, which potential buyers and investors should consider carefully.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
764.24

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
273,747.00 £
Decreased by 7.23 %
from 295,097.00 £
Est sale value
279,711.84 £
Increased by 23.65 %
from 226,215.04 £
Average area rental value
1,032.00 £/mo
Decreased by 0.77 %
from 1,040.00 £/mo
Est letting value
764.24 £/mo
Unchanged by 0.00 %
from 764.24 £/mo
Est rental Yield
4.52 %
Increased by 6.86 %
from 4.23 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • McGowan Housing created the listing.

Nearby Schools

NameTypeOfstedDistance
The Mulberry SchoolOther Independent Special School0.47 KM
Beauchamp City Sixth FormFree Schools 16 To 190.57 KM
Moat Community CollegeCommunity SchoolGood0.70 KM
St Matthews Sure Start Children'S CentreChildren's Centre0.85 KM
Highfields Sure Start Children'S CentreChildren's Centre Linked Site0.85 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Queen Street £ 000.00 KM
St Georges Way £ 000.00 KM
Colton Street £ 000.00 KM
Clyde Street £ 000.00 KM
St Georges Way £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Leicester1947LEI0.45 KM
South Wigston1949SWS6.00 KM
Syston1900SYS8.11 KM

Nearby Listings

AddressPriceTypeScoreDistance
Morledge Street, Leicester £ 120,000BUY6 / 100.00 KM
Morledge Street, Leicester, LE1 £ 125,000BUY5 / 100.00 KM
Morledge Street, Leicester, LE1 1ST £ 110,000BUY5 / 100.02 KM
Wimbledon Street, Leicester, LE1 £ 89,995BUY5 / 100.02 KM
Morledge Street, Leicester £ 140,000BUY5 / 100.02 KM

Nearby Properties

AddressPriceDistance
7 Northampton Street £ 56,0000.33 KM
47 Clarence Street £ 500,0000.48 KM
54 Granby Street £ 325,0000.48 KM
52 Granby Street £ 265,0000.48 KM
62 Christow Street £ 109,0000.62 KM