Lovelle says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached bungalow located on St Andrews Road in Mablethorpe, Lincolnshire. It is within a reasonable distance of Mablethorpe Primary Academy (rated “Good” by Ofsted), making it potentially attractive to families. The presence of other nearby schools further enhances its family-friendly appeal. The property includes a garden, although the images suggest it requires some attention. The images reveal that the property is in need of significant renovation. Wallpaper is peeling, paintwork is damaged, and the overall condition appears tired and dated. The kitchen and bathroom are particularly in need of updating. This significantly impacts the overall condition score. Considering the average house price in the area is £189,040 and the average price per square foot is £201, the listed price of £130,000 for this 791.58 sqft property seems relatively low. However, the required renovations must be factored in. Nearby comparable properties range from £104,950 to £200,000, with some properties significantly higher in price, reflecting the potential value once renovated. The lower end of this range indicates that the list price might be reasonable considering the property’s current condition, but a buyer should budget for substantial refurbishment costs.

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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