Lovelle says ..

Property Oracle says ..

This two-bedroom terraced house in Grimsby’s West Marsh area presents itself as a potential investment opportunity or project for a buyer willing to undertake renovations. The property’s asking price of £55,000 places it within the lower end of the market for this type of property in the vicinity. However, several factors need considering. Firstly, its current condition demands significant cosmetic work and possibly structural repairs, as indicated by visible wall damage and an overall dated appearance within the provided images. Secondly, the absence of any garden or outdoor space limits its appeal compared to similar properties with larger plots.

The location itself is advantageous in terms of access to public transport, with Grimsby Town train station being relatively close. The presence of several schools within walking distance could also attract families. However, potential buyers should conduct their own thorough research into the specifics of the local area, particularly regarding crime rates and neighbourhood amenities, to assess the property’s suitability for their needs.

In summary, this property could represent good value, given its price; yet, potential buyers must account for considerable renovation costs and the property’s current condition. The lack of detailed information about the square footage of comparable properties makes a definitive assessment of the price per square foot challenging. A thorough survey and local market knowledge is highly recommended before any purchase decisions are made.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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