William H. Brown says ..

Property Oracle says ..

The property is a 3-bedroom semi-detached house located on Barnes Road, Skegness, Lincolnshire. The list price is £135,000. The property requires some renovation work. The walls in several rooms show significant damage and require repainting. The kitchen, in particular, needs updating, with some areas of the wall showing significant damage. The flooring is dated and the overall condition suggests a need for modernisation. The garden is small but well-maintained. Skegness is a popular seaside town, and while the immediate area of Barnes Road may not be in the most desirable part of town, it benefits from relatively close proximity to several schools, including Beacon Primary Academy and Skegness Grammar School, both rated ‘Good’ by Ofsted. Transport links are also relatively close by, with Skegness train station within reasonable walking distance. Considering the average house price in the area is significantly higher (£377,097) and the average price per square foot is £369, the list price of £135,000 for this property appears to be low. However, this is likely due to the property’s condition requiring substantial renovation. The property’s size (790 sqft) is smaller than the area average (1020 sqft), which also contributes to the lower price. The lack of plot size information makes it difficult to fully assess the land value. Based on the provided information, the property is in need of renovation, and while the location is convenient for schooling and transport, the property’s condition significantly impacts its overall value. The price, while low compared to area averages, reflects the necessary renovations.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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