Pygott & Crone says ..

Property Oracle says ..

This three-bedroom terraced house located on Lancaster Avenue in Grimsby presents a mixed bag of potential and challenges. The property’s location is a key strength, offering relative proximity to the town centre and local amenities including schools such as Macaulay Primary Academy and Littlecoates Primary Academy. Train stations like Grimsby Town are also within a reasonable distance.

However, the property is in need of substantial renovation. Images reveal dated decor, worn flooring, and what looks like some areas needing repair. This adds considerably to the cost of purchasing the property and will affect how quickly the property could be resold, should the purchaser choose to do so.

The small paved rear garden offers limited outdoor space, more akin to a yard than a significant garden.

While the listed price of £75,000 appears competitive compared to other local properties on Lancaster Avenue and nearby streets, the necessary renovations must be factored in. Buyers should obtain detailed cost estimates for repairs and upgrades before making an offer. The lack of square footage data on comparable properties makes a precise price-per-square-foot comparison difficult, but the price seems generally inline with the area, though the value of the property hinges on the investment in its renovation.

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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