Belvoir says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located on Fernie Avenue in Melton Mowbray, Leicestershire. The list price is £125,000. Considering the provided images, the property appears to be in need of some modernisation and updating. The walls in several rooms show signs of wear and tear, and the bathroom and kitchen look dated. While structurally sound, the property would benefit from a refurbishment to enhance its overall condition and appeal. The garden is visible in the photos and appears to be of a reasonable size for a terraced property in this location. Several comparable properties are listed nearby, with prices ranging from £107,325 to £210,000. The average price in the area is significantly higher at £717,932, however, this average is likely skewed by larger, more expensive properties and is not directly comparable to this specific terraced house. The lack of square footage information for the subject property and comparables makes a precise price-per-square-foot comparison impossible. However, given the condition and the prices of similar properties on the same street, the list price of £125,000 appears to be within the reasonable range for this type of property in this location. The property’s proximity to local schools and transportation links is a positive factor.

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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