Pygott & Crone says ..

Property Oracle says ..

The property is located in Spalding, Lincolnshire, a town in the East Midlands region of England. The area benefits from relatively close proximity to schools, as evidenced by several primary schools within a kilometre radius, including Wygate Park Academy and The Spalding Monkshouse Primary School, both rated ‘Good’ by Ofsted. The presence of Spalding train station, approximately 1.6km away, provides access to public transportation. While the immediate surrounding streets show a range of property values, the average price in the area is considerably higher than the list price of this property. Based on the provided photographs, the property appears to be in need of some modernisation. The interior features dated décor and finishes, including carpets, wallpaper, and kitchen appliances. While structurally sound, the property would likely benefit from updating to enhance its aesthetic appeal and potentially increase its market value. The property includes a garden, which is a desirable feature for many buyers. The list price of £130,000 is significantly below the average house price in the area (£218,010). However, the average price per square foot is £214, which, when applied to the 755.84 sqft of this property, results in an estimated value of approximately £161,500. Considering the property’s condition and the need for modernisation, the list price might be considered reasonable, especially for a buyer looking for a project or willing to compromise on modern amenities. The relatively small size of the property (755.84 sqft) compared to the area average (1016 sqft) also contributes to the lower list price. The relatively small plot size (785.77 sqft) may also slightly affect the overall value compared to larger properties in the area.

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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