Newton Fallowell says ..

Property Oracle says ..

This three-bedroom semi-detached property on Narborough Road South, Leicester, presents a mixed bag of opportunities and challenges for potential buyers. The property’s key strength lies in its garden size and location, offering a decent amount of outdoor space and reasonably convenient access to local amenities and transport. The surrounding area shows a blend of property values, indicating a potentially evolving neighbourhood.

However, the property is in significant need of renovation. The images show clear evidence of cosmetic and potential structural issues, including damp patches on ceilings and walls, and dated fixtures and fittings throughout. The bathrooms and kitchens in particular require complete refurbishment. This need for renovation will translate into substantial additional costs for a buyer.

While the list price of £260,000 appears reasonably priced given the context of the local market and the significant renovation required, potential buyers need to factor in significant repair costs to arrive at a realistic estimate of the total investment required. It is vital to have a thorough survey undertaken to assess the extent of any structural damage or damp problems prior to purchase. The overall potential of this property would hinge upon successful renovation and the ability to add value to the property. Prospective buyers must be prepared to allocate sufficient funds to renovate and improve the property before it would become a fully liveable family home.

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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