Choice Properties says ..

Property Oracle says ..

The property is a 3-bedroom detached bungalow located on Station Road in Sutton-on-Sea, Lincolnshire. It’s situated in Balmoral Close, which has an average house price of £175,000. The property itself is listed at £225,000 and has 893.41 sqft of living space. A nearby primary school, Sutton-On-Sea Community Primary School, is located just 0.17km away and has a ‘Good’ Ofsted rating.

The property shows its age and requires modernisation. The kitchen and bathroom are dated, and the decor throughout suggests a need for refurbishment. The garden is relatively small, mainly paved, and while it has some planting, it’s not extensive.

Considering the average house price in the area is £267,561 and the average price per sqft is £248, the listed price of £225,000 for this 893.41 sqft property appears slightly below average. However, the need for significant renovation works must be factored in. The condition of the property significantly impacts its value, potentially justifying the lower-than-average price. Nearby properties on Station Road range from £82,000 to £157,500 for semi-detached properties, with a detached property selling for £250,000. This suggests that the asking price, while lower than the area average, is still within the range of comparable properties, considering the condition and the need for renovation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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