eXp UK says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house located in Melton Ross, North Lincolnshire, with a list price of £165,000. The property has a plot size of 603 sqft and is 703 sqft in size. The average house price in the area is £269,892, significantly higher than the list price of this property. The average price per sqft in the area is £219, while this property’s implied price per sqft is considerably lower. The property appears to be in need of some renovation. The flooring throughout looks worn and tired, and the kitchen is dated. While the bathroom appears to be recently updated, the overall condition of the house suggests it requires modernisation. The garden is present but appears overgrown and unkempt. The location is in a rural area with a primary school approximately 2.27km away. The nearest train station is Barnetby, 2.86km away. The proximity to a primary school is positive, but the distance to the train station might be a factor for some buyers. More information on local amenities and services would be needed to fully assess the location score. Considering the condition of the property requiring renovation, the relatively small plot size, and the lower price compared to the area average, the list price of £165,000 could be considered reasonable for a buyer looking for a project. However, the significant difference between the list price and the average house price in the area requires further investigation to fully understand the pricing rationale. The lack of sqft information for nearby properties makes a direct comparison difficult.

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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