Shonki Brothers says ..

Property Oracle says ..

This is a one-bedroom flat located in a central Leicester location at Flat 24, 26-28 Princess Road West. The property is being sold via auction. The apartment appears to be in adequate condition, featuring a modern kitchen and bathroom. Photos indicate that it is fairly clean and functional for a single occupant, though not particularly stylish.

The exterior shows a typical city centre building style. Access appears to be via a communal stairwell which has some evidence of wear and tear. A lack of information on property size (square footage and plot size) makes a full evaluation challenging. However, nearby properties show a significant range of price points. Nearby comparable properties offer a mix of new build apartments and renovated period properties.

The proximity to Leicester railway station, several schools, and the city centre itself are key positive factors. The presence of nearby streets such as Duke Street, York Street, and Wellington Street provides a broader context for local property prices, although average price per square foot data is unavailable for most streets. The lack of specific information about the leasehold, particularly the length of the lease and ground rent, represents a significant uncertainty for potential buyers.

Overall, this property offers a potentially affordable entry point into the Leicester property market, given its central location. However, prospective buyers should fully investigate the leasehold details and conduct a thorough property survey before committing to a purchase. It is likely to be of most interest to investment buyers given it is currently let. The lack of information makes an entirely unbaised review difficult.

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

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