TES Property (Lincolnshire) Limited says ..

Property Oracle says ..

This property, a mid-terrace house located in Louth’s conservation area, presents a mixed investment opportunity. Its central location in Louth, close to amenities and several schools with good Ofsted ratings, is a positive. The proximity to Louth Kidgate Primary Academy (Outstanding Ofsted rating) and St Michael’s Church of England School (Good Ofsted rating) is particularly appealing to families. However, the photos clearly show the property is in significant need of renovation. The exterior’s condition suggests extensive work will be required, both internally and potentially externally, significantly impacting renovation costs. The lack of information regarding the property’s square footage, the number of bedrooms and bathrooms, and the presence of a garden makes it hard to accurately evaluate the value for money. The fact that neighbouring properties on Queen Street also appear to be in various states of repair suggests some level of risk. The absence of parking information also impacts its overall appeal, particularly in a town centre location. While the location is a definite strength, the necessary refurbishment works and lack of key information necessitate careful consideration by potential buyers or investors. Buyers should undertake a full structural survey and factor in substantial renovation costs when assessing its value. Considering the uncertainties presented by the information, a potential buyer will need to carry out a due diligence and valuation assessment before reaching a decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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