William H. Brown says ..

Property Oracle says ..

This three-bedroom terraced house in Lincoln is listed at £120,000. The property benefits from a convenient location close to Birchwood Shopping Centre and several schools, including Birchwood and North Hykeham Children’s Centre, Woodlands Infant and Nursery School, and Lincoln Birchwood Junior School, all within a short distance. Transport links are also relatively close by. The property appears to be in need of some modernisation and updating, as seen in the provided images. The kitchen and bathroom show signs of wear and tear, and the interior décor is dated. The garden is present, but requires some maintenance. Compared to the average house price in the area (£230,594) and the average price per square foot (£239), the asking price of £120,000 appears significantly lower. However, this needs to be considered in the context of the property’s condition and the need for potential renovation works. Nearby comparable properties on Birchwood Avenue have sold for prices ranging from £65,000 to £170,000, indicating a wide price range in the area. This suggests that the listed price could be reasonable given the property’s condition and the need for refurbishment.

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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