Farrow Estate Agent Ltd says ..

Property Oracle says ..

This five-bedroom, two-bathroom terraced house in Cleethorpes, Lincolnshire, is currently listed for £110,000. The property is being sold as part of a portfolio of four properties and is described as a traditional HMO property which is partly tenanted. The internal photos showcase a property that is habitable but requires some improvement and cosmetic work. Several rooms show signs of wear and tear, indicating that some updates are needed. The exterior appears typical of the area and appears generally sound, although the provided image isn’t detailed enough to fully assess the property’s external condition. The small rear garden is quite overgrown and requires some considerable attention. The property benefits from being close to transport links and several schools, and while this is a plus, the general condition of the property needs consideration. The average price of nearby properties in Brereton Avenue ranges significantly, from £33,500 to £85,000. While the lack of square footage information for nearby properties makes a direct comparison difficult, the listing price position this property at the higher end of the range for the area. Potential buyers should factor in the renovation and maintenance costs necessary to improve the condition of the property and potentially improve the market value. Investors may see this as an opportunity due to its existing tenancy and potential rental income, although there are other nearby investment opportunities to be aware of.

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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