Purplebricks says ..

Property Oracle says ..

The property is a 2-bedroom flat located in Lincoln, Lincolnshire. The flat is situated on Stonefield Avenue, in the Minster locality. It has a list price of £160,000 and is 636.15 square feet in size, sitting on a plot of 656.60 square feet. The location benefits from being relatively close to several schools, including Westgate Academy (rated ‘Good’ by Ofsted) and The Lincoln St Peter-In-Eastgate Church Of England (Controlled) Infants School (rated ‘Outstanding’). The proximity to Lincoln railway station (1.42km) provides convenient access to transportation links. The area’s average house price is significantly higher (£344,846) than the list price of this property, suggesting it could be competitively priced. However, the average size of properties in the area is considerably larger (1010 sqft), and this property is significantly smaller. Further analysis of comparable properties is needed to assess the list price’s reasonableness. Based on the provided images, the property appears to be in good condition. The interior is modern and well-maintained, with updated flooring and a contemporary aesthetic. There is no visible evidence of significant repairs or renovations needed. The external appearance is also tidy, although the immediate surroundings are somewhat unkempt. The property has a small plot of land, which is typical for a flat. There is a small area of garden visible in the photos. While not extensive, it does provide some outdoor space. Considering the property’s size, condition, location, and available land, the list price of £160,000 appears to be relatively reasonable, especially considering the significantly lower average price per sqft in the area (£341) compared to the average price per sqft of nearby properties. However, the lack of sqft data for nearby properties makes a definitive conclusion difficult. The smaller size of the property compared to the area average will likely impact its overall value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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