Rathods says ..

Property Oracle says ..

The property located on Rosedale Avenue in Leicester is a terraced house listed at £200,000. The area has an average house price of £522,019 and an average price per square foot of £357. However, the provided listing does not specify the square footage of the property, making a direct price per square foot comparison impossible.

The property appears to be in need of significant renovation. The interior photos show worn flooring, damaged walls, and an overall lack of maintenance. The garden also requires considerable work. While the property benefits from a garden, its current state detracts significantly from its overall appeal and value.

The location is reasonably convenient. Several primary schools with “Good” Ofsted ratings are within a short distance, and there are several railway stations within a reasonable commute. However, the average house price in the area is considerably higher than the listing price of this property, suggesting it may be undervalued, though this is difficult to assess without knowing the property’s square footage. More information is needed to accurately assess the value of the property relative to its location.

Given the condition of the property and the lack of information about its size, it’s difficult to definitively assess its value. The list price of £200,000 is significantly lower than the area average, but this may be justified by the extensive renovation required. A full survey and detailed property appraisal are recommended to determine a fair market value.

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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