Crofts Estate Agents says ..

Property Oracle says ..

Wayside Cottage, located in Fotherby, Lincolnshire, is a semi-detached bungalow listed at £140,000. The property’s description highlights the need for full refurbishment. Photographs showcase outdated interiors, including a cluttered kitchen, bathroom requiring an update, and bedrooms in need of repair and decorating. The exterior displays a garden area that is heavily overgrown and includes several outbuildings and a caravan, requiring substantial work to be functional or visually appealing. The distance to nearby schools and amenities suggests that a car is essential for convenient access to these services. The property is near the A16, which can provide easy access to Louth but might also cause noise disturbance. While the list price is low, this directly reflects the considerable work that will be necessary to modernise and improve the property. Potential buyers should budget for a substantial renovation project before making an offer. The property would likely suit buyers who are looking for a project and possess significant DIY skills or sufficient funds to hire contractors. Ultimately, its value hinges heavily on the cost of renovation against the final market value after these works are complete. This requires professional valuation after renovation or a robust cost estimation prior to purchase.

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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