Sedge Ltd says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house located on St. Pauls Road in Spalding, Lincolnshire. It has a list price of £200,000 and a plot size of 1,088.23 sqft. The average house price in the area is significantly higher at £428,638, and the average price per sqft is £372.00. However, the provided nearby listings show a range of prices between £98,450 and £220,000 for similar semi-detached properties, suggesting the list price may be within the lower end of the market range for this type of property in this location. The property appears to be in reasonable condition. While not modern, it is habitable and doesn’t show any major signs of disrepair. The garden is of a modest size, providing some outdoor space. The location benefits from being relatively close to several schools, including The Priory School which has an ‘Outstanding’ Ofsted rating. The proximity to Spalding train station (East Midlands Railway) also adds to its convenience. Considering the average price per sqft in the area (£372.00), the property’s price of £200,000 for 505.69 sqft appears to be on the lower end of the market value. However, it’s important to note that the average price and price per sqft may not accurately reflect the value of this specific property due to its smaller size and potential need for some modernisation. The lower prices of nearby properties on St Pauls Road further support the notion that the asking price is reasonable within the context of its immediate surroundings. Based on the images, the property could benefit from some modernisation, but it is not in need of extensive renovation. The kitchen and bathroom appear dated but functional. The property has a traditional style and layout.

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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