Jackson Green & Preston says ..

Property Oracle says ..

The property is located on Laceby Road in Grimsby, Lincolnshire. It’s a 3-bedroom, 1-bathroom house with 880 sqft of living space and a plot size of 0 sqft. The list price is £100,000.

The property appears to be in need of significant renovation. The interior photos show outdated fixtures, peeling wallpaper, exposed wiring, and damaged flooring in multiple rooms. The kitchen and bathroom, while functional, also require updating. The garden is visible in the photos and appears to be of a reasonable size.

Nearby properties are listed at significantly higher prices, with averages around £170,000-£200,000. However, the average price per sqft in the area is £324.00, while the price per sqft for this property is considerably lower at approximately £113.64. Given its condition, the list price of £100,000 appears low compared to nearby listings. However, the significant renovation needed should be factored in. The property’s location near schools and transportation is a positive factor.

Considering the condition, the property requires substantial renovation work, impacting its overall value. The lower price reflects this need for refurbishment, although the location is positive. The presence of a garden is also a positive.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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