Auction House Readings says ..

Property Oracle says ..

This property in Leicester, listed by Auction House Readings, presents itself as a development opportunity rather than a ready-to-move-in home. The listing showcases a part-constructed, single-storey building on a small plot, likely a converted garage. While the structure seems sound, based on the images provided, it is unfinished and lacking essential elements like bathrooms and bedrooms. The property’s location on Wilnicott Road places it within relative proximity to schools and some local amenities; however, the Ofsted ratings for nearby schools are not exceptionally high, impacting the desirability of the area, especially for families. The nearby streets show an average house price range between £100,000 and £550,000, suggesting varying property values and potential for growth, although there is a large difference, and it is difficult to gauge precisely how the value of this property sits in relation to others, due to the incompletion of the property. Transportation options may require car usage, given the distance to railway stations. The £30,000 asking price, therefore, reflects its condition as an unfinished project, however, the low price, together with the potential to develop the property further, may appeal to investors and those looking to renovate, potentially increasing the value of the property significantly. Overall, this property may suit buyers seeking a renovation project, as opposed to buyers looking for a immediately ready home.

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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