Shonki Brothers says ..

Property Oracle says ..

This three-bedroom terraced property at 205 Mere Road, Spinney Hills, Leicester, is currently listed for sale at £149,000. The property is being sold at auction, suggesting it may be targeted at investors or buyers comfortable with renovation projects. The location offers reasonable proximity to amenities and schools, and is within reach of Leicester city centre via public transportation. However, from the photographs, the property’s condition appears to require extensive renovation. The interior needs complete modernisation in terms of flooring, kitchen, and bathroom fittings. While the exterior looks structurally sound, the interior is essentially a blank canvas that needs extensive work. The small rear yard offers limited space. Potential buyers should seriously consider the considerable costs associated with refurbishment before making an offer. The price, while seemingly competitive in the area for a three-bedroom house, isn’t exceptionally great value when the substantial refurbishment costs are factored in. Buyers should ensure a full structural survey is carried out prior to purchasing, and carefully budget for all renovation and repair costs.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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