OFF AGENT says ..

Property Oracle says ..

The property is located on Monks Road in Lincoln, Lincolnshire. It is a two-bedroom property with a total area of 1,273 sqft, listed at £125,000. The average house price in the area is significantly higher at £340,786, with an average price per sqft of £380. The property appears to be in need of significant renovation. The provided images show considerable wear and tear throughout, including damaged flooring, walls requiring repainting and repair, and outdated fixtures and fittings. A full refurbishment would likely be required before the property could be considered habitable to a modern standard. While the listing mentions the property is located near Lincoln Monks Abbey Primary School, which is rated ‘Good’ by Ofsted, the lack of a garden is a notable drawback. The surrounding area shows a mix of property prices, with some comparable properties selling for similar prices, but others significantly higher. However, these comparable properties may not be in the same condition. Given the property’s condition, the lack of a garden, and the significant disparity between the list price and the average price per sqft in the area, the asking price of £125,000 seems relatively low, potentially reflecting the extensive renovation needed. However, the low price could also be attractive to investors or buyers seeking a renovation project. More detailed information on the property’s structural integrity and potential repair costs would be needed for a more complete assessment.

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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