Crofts Estate Agents says ..

Property Oracle says ..

This three-bedroom terraced house in Cleethorpes, Lincolnshire, presents a mixed bag of opportunities and challenges for potential buyers. Its location on Manchester Street offers several advantages. It’s conveniently situated near well-regarded schools, such as Elliston Primary Academy and Reynolds Primary Academy, both within a short distance. The nearby Cleethorpes seafront provides recreational opportunities, while the town’s amenities are easily accessible. The railway station provides convenient links to other areas, making this a potentially attractive location for families and commuters alike.

However, the property’s condition is a key consideration. The images show that the interior requires significant modernisation and updating. Carpets, wallpaper, and fixtures appear dated, and some areas seem to require attention and cleaning. A potential buyer should budget for refurbishment costs, encompassing things like new carpets, decorating, and possibly kitchen and bathroom improvements.

The property does benefit from a reasonably sized garden for a terraced house, offering both lawn and paved areas, as well as sheds. This provides valuable outdoor space, and contributes positively to its overall appeal.

In terms of pricing, the listing price of £90,000 appears relatively competitive compared to similar terraced properties in the immediate vicinity of Manchester Street. Several neighbouring properties have sold for similar or slightly less. However, it’s important to remember that this property requires updating, which will be a factor that will affect the value and potential profitability to buyers. A thorough survey is strongly advised prior to making any offer.

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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