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 %
- Est sale value
- 279,711.84 £Increased by 23.65 %
- Average area rental value
- 1,032.00 £/moDecreased by 0.77 %
- Est letting value
- 764.24 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.52 %Increased by 6.86 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
McGowan Housing created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Mulberry School | Other Independent Special School | 0.47 KM | |
| Beauchamp City Sixth Form | Free Schools 16 To 19 | 0.57 KM | |
| Moat Community College | Community School | Good | 0.70 KM |
| St Matthews Sure Start Children'S Centre | Children's Centre | 0.85 KM | |
| Highfields Sure Start Children'S Centre | Children's Centre Linked Site | 0.85 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Queen Street | £ 0 | 0 | 0.00 KM |
| St Georges Way | £ 0 | 0 | 0.00 KM |
| Colton Street | £ 0 | 0 | 0.00 KM |
| Clyde Street | £ 0 | 0 | 0.00 KM |
| St Georges Way | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Leicester | 1947 | LEI | 0.45 KM |
| South Wigston | 1949 | SWS | 6.00 KM |
| Syston | 1900 | SYS | 8.11 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Morledge Street, Leicester | £ 120,000 | BUY | 6 / 10 | 0.00 KM |
| Morledge Street, Leicester, LE1 | £ 125,000 | BUY | 5 / 10 | 0.00 KM |
| Morledge Street, Leicester, LE1 1ST | £ 110,000 | BUY | 5 / 10 | 0.02 KM |
| Wimbledon Street, Leicester, LE1 | £ 89,995 | BUY | 5 / 10 | 0.02 KM |
| Morledge Street, Leicester | £ 140,000 | BUY | 5 / 10 | 0.02 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 7 Northampton Street | £ 56,000 | 0.33 KM |
| 47 Clarence Street | £ 500,000 | 0.48 KM |
| 54 Granby Street | £ 325,000 | 0.48 KM |
| 52 Granby Street | £ 265,000 | 0.48 KM |
| 62 Christow Street | £ 109,000 | 0.62 KM |