Oxford Family Estates says ..

Property Oracle says ..

This 2-bedroom bungalow located on Sea Road in Chapel St Leonards, Lincolnshire, presents itself as a significant renovation project. The property is currently in disrepair, with boarded-up windows, overgrown gardens and evidence of neglect and potential vandalism inside. The interior images reveal significant damage and the need for a complete refurbishment, impacting all rooms, including the kitchen and bathroom. The wallpaper is peeling and the floors require attention. While the location is relatively appealing, being situated in a popular seaside village with access to local amenities and schools (Chapel St Leonards Primary School is within walking distance), this property’s condition presents a considerable challenge. There’s potential within the property and the grounds surrounding it, but the amount of work required will significantly increase the overall cost. The area has comparable properties, which may offer more immediate livability, at higher price points. Therefore, this property is best suited to buyers with experience in renovations or those willing to take on a considerable project, and potential investors. The asking price of £150,000 reflects the significant amount of work that needs to be carried out, making it a gamble for potential buyers. Given the condition and potential, a cautious approach is recommended during the purchase process, including a thorough survey to assess the overall cost of repair before making a financial commitment.

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

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