North Street, Bourne, Lincolnshire
HI

North Street, Bourne, Lincolnshire

By Hill & Clark

£ 122,500

Reviews

2 out of 5 stars

Hill & Clark says ..

*** INVESTMENT PROPERTY *** TWO BEDROOM, FIRST FLOOR FLAT IN A TOWN CENTRE LOCATION IN THE MARKET TOWN OF BOURNE, OFFERING RESIDENTS PARKING. Accomodation comrpises of entrance, landing, two bedrooms, bathroom, living room and kitchen. Property has current tenant in situ a...

Property Oracle says ..

This two-bedroom, one-bathroom flat located on North Street in Bourne, Lincolnshire, presents a mixed bag in terms of its overall appeal. The property’s location in Bourne West is a positive, providing access to local schools like Bourne Abbey Church of England Primary Academy and Bourne Academy (both rated ‘Good’ by Ofsted), though transport information is lacking. Nearby streets show a range of property values, with some exceeding the listed price of £122,500.

The property’s condition is a key factor that influences its overall value. Based on the photos, the interior seems adequately maintained but requires tidying and likely some updating to enhance its overall appeal and market value. The absence of a garden is another notable characteristic that could be a significant drawback for some prospective buyers.

The absence of square footage data for nearby properties limits the assessment of the price-per-square-foot value. However, comparing it to other two-bedroom flats in the area, the asking price of £122,500 appears relatively competitive, although not outstanding. The current state of the interior, however, might lead some buyers to negotiate a lower price.

In summary, this property offers a reasonably priced entry point to the Bourne housing market, particularly appealing to those prioritizing location and affordability over extensive space or luxurious finishes. Potential buyers should be prepared for some renovation or refurbishment to fully realize its potential.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
736.25

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
244,999.00 £
Decreased by 22.08 %
from 314,443.00 £
Est sale value
161,975.00 £
Decreased by 16.03 %
from 192,897.50 £
Average area rental value
885.00 £/mo
Decreased by 3.28 %
from 915.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
4.33 %
Increased by 24.07 %
from 3.49 %
Crime Rate
28.00 %
Unchanged by 0.00 %
from 28.00 %

Agent Activity

  • Hill & Clark created the listing.

Nearby Schools

NameTypeOfstedDistance
BourneChildren's Centre Linked Site0.58 KM
Bourne Abbey Church Of England Primary AcademyAcademy ConverterGood0.79 KM
Bourne AcademyAcademy ConverterGood0.88 KM
Bourne Grammar SchoolAcademy Converter1.01 KM
Willoughby AcademyAcademy Special Converter1.10 KM

Images

Front Living Room Front Landing Kitchen Bed 1 Bed 1 Bed 2 Bathroom Front Kitchen Living Room

Nearby Streets

NameAverage PriceAverage SqftDistance
Harvest Court £ 000.00 KM
Meadowgate £ 000.00 KM
Christopher's Lane £ 000.00 KM
The Burghley Centre £ 000.00 KM
Shires Court £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
North Street, Bourne, PE10 £ 195,000BUY6 / 100.00 KM
Marquess Court, Bourne, PE10 £ 235,000BUYUnknown0.04 KM
Meadowgate, Bourne, Lincolnshire, PE10 £ 450,000BUY5 / 100.12 KM
Meadowgate, Bourne, Lincolnshire, PE10 £ 280,000BUY7 / 100.13 KM
Meadowgate, Bourne, PE10 £ 355,000BUYUnknown0.15 KM

Nearby Properties

AddressPriceDistance
53 North Street £ 202,5000.01 KM
47 North Street £ 100,0000.01 KM
45 North Street £ 102,0000.01 KM
51 North Street £ 123,0000.01 KM
49 North Street £ 189,5000.02 KM