Pygott & Crone says ..

Property Oracle says ..

This property on Carlton Road in Boston, Lincolnshire, is a six-bedroom, six-bathroom House of Multiple Occupation (HMO). Its location is advantageous, being close to Boston train station and several well-regarded schools, including Carlton Road Academy, which boasts an ‘Outstanding’ Ofsted rating. This makes it attractive for students or young professionals.

The property includes a rear garden that looks to need some attention, and although there is no size specified, the photographs show that it is relatively small. The exterior is in reasonable condition, but the interior photographs reveal some areas of wear and tear. The bathrooms appear to be in need of modernization, and some rooms need to be fully furnished or refurbished to appeal to prospective tenants.

The list price of £250,000 may be fair considering its location and the potential rental income from operating it as an HMO. However, it’s important to note that the condition requires investment. The fact that a comparable property on Carlton Road also lists for £250,000 is a key factor. Prospective buyers should factor in potential renovation costs before making an offer. The lack of square footage data for many nearby properties makes a truly accurate per-square-foot comparison difficult, but the list price does appear to be within the typical range of similar-sized properties in the region. A thorough survey is strongly advised prior to purchase.

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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