Richard Harrison Estate Agents & Valuers says ..

Property Oracle says ..

The property is located on Mountfields Drive in Loughborough, Leicestershire. The area benefits from being close to Loughborough University and Loughborough College, both of which are rated ‘Good’ by Ofsted. Mountfields Lodge School, also rated ‘Good’ by Ofsted, is also within close proximity. The nearby East Midlands Railway station provides convenient access to other areas. The property itself is a one-bedroom, one-bathroom bungalow with a plot size of 0.185 acres (749.79 m²). Based on the provided aerial and ground-level photographs, the property appears to be in need of significant modernisation and renovation. The garden is overgrown and requires considerable attention. The interior photographs show dated fixtures and fittings, and the overall condition of the property suggests a need for substantial improvements. While the property has a large plot of land, it is currently unkempt. Considering the average price per square foot in the area is £436, and the property’s listed price is £250,000, with a square footage of 459.47, the price per square foot is significantly lower than the area average. However, the required renovations should be factored into any assessment of value. The property’s location is positive, with proximity to educational institutions and transport links, but the condition of the property and the need for extensive work significantly impact its overall value.

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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