Frank Innes says ..

Property Oracle says ..

The property is a 4-bedroom, 2-bathroom terraced house located on Alan Moss Road in Loughborough, Leicestershire. It has a plot size of 1,128.06 sqft and is listed at £250,000.

The property benefits from being close to several schools, including Thorpe Acre Infant School and Thorpe Acre Junior School, both rated ‘Good’ by Ofsted. Loughborough University is also within a reasonable distance. This proximity to educational institutions could be a significant advantage for families. Loughborough train station is approximately 3.96 km away, providing a convenient transport link.

Based on the provided images, the property appears to be in generally fair condition, although some areas could benefit from modernisation. The kitchen shows some updates, but other areas, such as the bathrooms and some of the bedrooms, present a dated aesthetic. Carpets and some fixtures appear worn. The garden is a reasonable size, providing outdoor space.

Considering the average price per sqft in the area is £436, and the property is 842.38 sqft, a rough estimate of value would be around £366,700. However, the list price is significantly lower at £250,000. This discrepancy could be attributed to the property’s condition, which may require some updating or renovation. The lower price may reflect this need for modernisation, making it potentially attractive to buyers willing to undertake improvements. The lower price point compared to the average house price in the area (£549,850) also plays a factor. However, nearby comparable properties show a wide range of prices, making a definitive assessment of price reasonableness challenging without more detailed information on the condition of those properties.

The property is a reasonable size for a family and is located in an area with good schools and transport links. The lower price point compared to the average house price in the area makes it potentially attractive to buyers, but potential buyers should be aware that some modernisation may be required.

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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