Farrow Estate Agent Ltd says ..

Property Oracle says ..

The property is located on West Parade in Grimsby, North East Lincolnshire. The area has an average house price of £69,711 and an average price per square foot of £92.00. Several nearby properties on West Parade are listed at prices ranging from £53,000 to £145,000. This suggests a wide range of values in the immediate vicinity. The proximity to Grimsby Town train station (0.93 KM) provides convenient access to public transportation. There are also several schools within a reasonable distance, including Ormiston South Parade Academy (rated ‘Good’ by Ofsted) which is 0.73 KM away. Based on the provided images, the property appears to be in need of significant renovation. Many rooms show exposed floorboards, damaged walls, and require a complete redecoration. The bathrooms and kitchens also appear dated and require updating. The overall condition suggests a substantial amount of work is needed before the property is habitable. There is no information provided regarding the size of the land associated with this property. Therefore, no analysis can be provided on this aspect. Considering the list price of £395,000, and comparing it to the average house price in the area (£69,711) and the prices of nearby properties (£53,000 - £145,000), the asking price appears significantly higher than comparable properties in the area. The significant renovation required further impacts the value proposition. The lack of square footage information prevents a precise price per square foot comparison. However, based on the available data, the list price seems considerably inflated given the property’s condition and the average property values in the surrounding area.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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