Newton Fallowell says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located in Leicester, Leicestershire. It’s listed at £270,000 and has 697.29 sqft of living space. The property benefits from being close to several schools, including Merrydale Junior School and Merrydale Infant School, both rated ‘Good’ by Ofsted, and is within a reasonable distance of Leicester train station. The property also includes a garden with a hot tub.

The property appears to be in good condition, with recent renovations or updates evident in the interior photos. The kitchen and bathroom appear modern and well-maintained. The garden is well-maintained and landscaped.

Considering the average price per sqft in the area is £357, and the property is listed at £270,000 for 697.29 sqft, the price seems reasonable, particularly given its good condition and location near good schools. However, the average house price in the area is significantly higher at £522,019. This suggests that the property may be undervalued, particularly if the plot size is larger than indicated. The lack of plot size information makes a definitive price assessment difficult. Nearby comparable properties, while providing some context, lack consistent sqft data, hindering a precise comparison.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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