Jowett & Stone Estate Agents says ..

Property Oracle says ..

This three-bedroom semi-detached house in Leicester’s Ravenhurst and Fosse area presents a mixed bag of pros and cons. The property’s key selling point is its location. It offers proximity to schools like Caldecote Community Primary and Ellesmere College, both receiving good Ofsted ratings. Transport links to Leicester city center and surrounding areas seem relatively convenient. However, this advantage is severely counterbalanced by the property’s condition. The provided photos clearly reveal a property needing extensive renovation. Walls require repainting, flooring needs replacing, and the general upkeep is significantly lacking. This necessitates a considerable financial investment by the buyer. While the property boasts a garden, it currently presents as overgrown and in disarray, requiring considerable landscaping. The listing price of £260,000 should be viewed cautiously. While potentially justifiable given the location and the potential for substantial value addition post-renovation, it is crucial for prospective buyers to factor in the substantial costs of a full refurbishment. Comparable properties in the area with higher price tags often demonstrate significantly better condition or larger gardens, causing this property’s price to seem slightly overvalued for its current state. Ultimately, this property is a fixer-upper with potential but carries significant risks and requires careful consideration before purchase.

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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