Purplebricks says ..

Property Oracle says ..

The property is a three-bedroom terraced house located on Vernon Street, Lincoln, with a list price of £130,000. The property has a total area of 740 sqft and is situated in the Park area of Lincoln. The location is reasonably good, with several primary and secondary schools within a 1km radius, including The Lincoln St Peter At Gowts Church Of England Primary School and Athena School, both rated as ‘Good’ by Ofsted. Lincoln railway station is also less than a kilometre away, providing convenient access to public transportation. Based on the provided images, the property is in need of significant renovation. The interior walls show considerable damage and require replastering. The flooring also requires attention. Whilst the kitchen and bathroom appear to have had some recent modernisation, the overall condition of the property is poor. The property has a small rear yard, which is more of a paved area than a garden. The size is negligible. Considering the average price per square foot in the area is £312, and this property is listed at £130,000 for 740 sqft, the price seems reasonable, especially given its condition. However, it is important to note that the average house price in the area is significantly higher (£339,216), suggesting that this property is priced lower due to its condition and the small plot size. Nearby comparable properties on Vernon Street are listed between £105,450 and £185,000, further supporting the relative reasonableness of the list price. The lower price point may appeal to buyers looking for a renovation project.

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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