Martin Maslin says ..

Property Oracle says ..

This two-bedroom terraced house located on Richmond Road, Cleethorpes, presents a mixed bag of opportunities and challenges. The property’s location is a positive factor, with relatively easy access to local amenities, including schools and transportation. The presence of several highly-rated primary schools within walking distance makes this an attractive location for families. Cleethorpes Train Station, being only 0.94 km away provides convenient access to other towns and cities.

However, the property’s condition requires considerable attention. The interior photographs reveal that modernisation is required throughout much of the house. While the kitchen and bathroom appear functional, walls need re-plastering and the floors need re-finishing. The garden is significantly overgrown and requires a complete overhaul.

Considering the necessary renovations, the asking price of £125,000 requires careful evaluation. While comparable properties in the area may justify this price point, the level of required work must be accounted for. A comprehensive survey and detailed cost estimates for the necessary repairs and refurbishment would be essential for any prospective buyer. Without additional property details about sq footage for similar properties, an accurate square foot comparison is impossible, which further hinders the complete evaluation of price and potential value. In summary, this property has potential, but requires a significant investment to reach its full value. The property’s location is good and provides future value, however any buyer should make certain to factor in the refurbishment costs.

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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