HomeMove Estate Agents LTD says ..

Property Oracle says ..

This substantial four-bedroom detached house in Utterby, Lincolnshire, presents a unique opportunity for buyers seeking a spacious family home in a peaceful village setting. The property boasts a generous plot size, including a sizeable garden and a collection of outbuildings, offering ample space for family life and potential for further development or extension. The internal space is significant with four bedrooms and two bathrooms, offering multiple living options and potential for personalisation. However, the property exhibits signs of its age and would benefit significantly from comprehensive modernisation. The dated interiors, including wallpaper and carpeting, and the condition of some fixtures and fittings, point to a refurbishment project being necessary to bring the property into line with current standards.

The location offers a good balance between rural living and access to amenities in nearby Louth, with a local primary school in close proximity. While the village itself is small, its proximity to Louth helps maintain a reasonable standard of living.

The listing price, factoring in the required work, appears competitive in the context of other larger properties within the area. While some nearby streets have higher average prices, the need for considerable renovations may result in a lower price per square foot, bringing the property’s value closer to the price range of more modern, renovated homes in a similar setting. Prospective buyers should budget accordingly to accommodate the refurbishment costs. Overall, it’s a property with excellent potential that is likely to attract buyers willing to undertake the renovations required to bring out its full value. Buyers should weigh their renovation experience or budget accordingly.

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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