Ark Property Centre says ..

Property Oracle says ..

The property is a detached bungalow located on The Reservoir in Surfleet, Spalding, Lincolnshire.

It has two bedrooms, one bathroom, and covers 429.84 square feet on a 519.70 square foot plot. The list price is £160,000.

The average house price in the area is significantly higher at £319,706, with an average price per square foot of £239. However, this average is likely skewed by larger properties. The nearby properties listed show a range of prices, from £120,000 to £315,000, suggesting that the list price of £160,000 falls within the lower end of the market for the area, but not unusually so. The property’s smaller size compared to the average in the area needs to be considered.

The property appears to be in good condition based on the provided images. It is well-maintained and presented. There is no visible evidence of significant repairs or renovations needed. The property benefits from a small garden and a waterside location. The garden is relatively small but well-maintained and includes a patio area and shed. The waterfront location is a desirable feature, adding to the property’s appeal.

The proximity to Surfleet Primary School (3.39 KM) and other schools further afield may be a factor for families. The distance to Spalding (8.58 KM) provides access to potentially more amenities and transportation links.

Considering the property’s condition, location, size of land, and the range of prices in the surrounding area, the list price seems reasonable, particularly given the waterfront location. However, the smaller size of the property compared to the average in the area may influence buyer’s perceptions of value.

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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