Banks Long & Co Ltd says ..

Property Oracle says ..

The property located at The Old Post Office, 27-29 Church Road, Old Leake, Boston, Lincolnshire, PE22 9NS is a land plot with a list price of £175,000. The property appears to be in need of significant renovation. The building shows signs of disrepair, with boarded-up windows and general neglect visible in the provided images. The land itself seems relatively small, based on the photos, and there is no clear indication of a substantial garden area.

Considering the average house price in the area is £487,813 and the average price per square foot is £469, the listed price of £175,000 for this plot of land appears relatively low. However, this is likely due to the significant renovation needed. The property’s condition is a major factor influencing its value. The proximity to The Giles Academy and The Old Leake Primary and Nursery School could be seen as a positive, though further information on the quality of these schools and their catchment areas would be needed for a more complete assessment. The lack of nearby transportation information limits the analysis of the property’s location score.

Given the information available, the property’s value is heavily dependent on the potential for development and the cost of renovation. A potential buyer should factor in substantial costs associated with bringing the property up to a habitable standard.

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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