Newton Fallowell says ..

Property Oracle says ..

Spilsby is a popular market town located in the East Lindsey district of Lincolnshire, England. The property is a detached bungalow situated on Ashby Meadows, a residential street. The area benefits from several well-regarded schools within a reasonable distance, including Woodlands Academy and The Eresby School, both rated as ‘Outstanding’ by Ofsted. This is a positive factor for families. The proximity of these schools contributes to a higher demand and potentially increased property values in the area.

The property itself appears to be in good condition based on the provided images. The interior is clean and well-maintained, with modern fixtures and fittings in the kitchen and bathroom. There is no visible evidence of significant repair or renovation needs. The presence of a conservatory adds to the living space and enhances the property’s appeal. The garden, while relatively small, is well-defined and includes a shed, providing additional storage space.

Considering the property’s size (841.74 sqft) and the average price per sqft in the area (£176), a list price of £220,000 appears slightly above average. However, the property’s detached nature, good condition, and inclusion of a conservatory could justify this higher price point compared to similar semi-detached or terraced properties in the vicinity. Nearby comparable properties range from £119,950 to £223,000, with the higher-priced properties being detached, supporting the listed price. The lack of information on the plot size of comparable properties makes a definitive price per sqft comparison difficult.

The overall impression is of a well-maintained property in a desirable location with good schools nearby. The price, while slightly higher than the area average, appears reasonable given the property’s features and condition.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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