Martin & Co says ..

Property Oracle says ..

This 2-bedroom mid-terrace house in Gainsborough, Lincolnshire, presents a mixed bag. Its location is a definite plus, being situated conveniently close to the town centre, its amenities, and Gainsborough Central train station. The proximity to several schools may also attract families. However, the property’s condition is a significant drawback. The provided photographs depict a property needing extensive renovations and repairs throughout, from damaged walls and floors to outdated fixtures and a lack of cleanliness. This will represent a substantial investment for any prospective buyer. The external structure appears sound, but internal work is clearly required. Further complicating the assessment is the lack of square footage and plot size information. While the list price of £56,995 might be attractive to some, the cost of renovation needs careful consideration against comparable properties in the area. A potential buyer should obtain professional surveys and cost estimates for renovation work before committing to purchase. The small rear yard, with a dilapidated shed, provides limited outdoor space. High surface water flood risk for the area is also a major concern that must be evaluated. In summary, this property offers a good location but requires a significant financial investment for renovation, posing a substantial risk and necessitating thorough due diligence.

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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