Newton Fallowell says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located on Old Ashby Road in Loughborough, Leicestershire. It is listed for £117,500 and has a floor area of 540 sqft. The property is situated near several schools, including Booth Wood Primary School (Outstanding Ofsted rating) and Ashmount School (Outstanding Ofsted rating), both within a kilometer. Loughborough train station is also within reasonable proximity.

The property appears to be in good condition based on the provided images. The interior is modern and well-maintained, with a recently updated kitchen and bathroom. There is no evidence of significant wear and tear or the need for renovation.

The property does not appear to have a private garden, although there is access to a shared parking area. The plot size is listed as 0.00 sqft, indicating the lack of a private garden or significant outdoor space.

Considering the average price per sqft in the area is £436, and the average house price is £549,850, the listed price of £117,500 for this 540 sqft flat seems reasonable, especially given its modern condition and convenient location near schools and transportation. However, the lack of outdoor space might affect some buyers’ perception of value. Nearby comparable properties on Old Ashby Road range from £55,000 to £199,950, indicating some price variability in the area. The property’s price sits comfortably within this range, suggesting it’s competitively priced for the local market.

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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