Pygott & Crone says ..

Property Oracle says ..

This three-bedroom, terraced property in Lincoln, Lincolnshire, is listed at £130,000. The property is located on Albert Terrace, within easy walking distance of Lincoln city centre and its amenities. The proximity to several well-regarded schools, including The Priory Academy Lsst (rated Outstanding by Ofsted), adds to its family-friendly appeal. Lincoln train station is also reasonably close.

The property requires significant modernisation and updating. The photos reveal a need for redecoration, potential repairs (e.g., some wall damage is visible), and thorough cleaning. The kitchen and bathrooms would likely need a full refurbishment to meet contemporary standards. The property does have a small garden, though the exact size isn’t specified.

Given the need for renovation, the price of £130,000 requires careful consideration. While comparable properties in the vicinity range from around £100,000 to £135,000, the condition of this property significantly affects its overall value. A potential buyer should factor in the cost of necessary renovations before committing to purchase. The lack of detailed information regarding the precise size of the property and comparable properties makes a final valuation more difficult. The property’s location and potential are still major strengths.

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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