Farrow Estate Agent Ltd says ..

Property Oracle says ..

The property is a three-bedroom terraced house located on Rutland Street in Grimsby, North East Lincolnshire. The list price is £45,000. The property is situated in the East Marsh area of Grimsby. While proximity to schools like Phoenix Park Academy (Good Ofsted rating) and Strand Primary Academy (Good Ofsted rating) is positive, the overall area may present challenges. Further research into local amenities and crime statistics would be beneficial to fully assess the location’s desirability. The available transportation links to Grimsby Town and Cleethorpes are convenient. Based on the provided images, the property appears to be in need of significant renovation. The interior shows considerable wear and tear, with damaged walls, outdated fixtures, and a general lack of maintenance. The exterior, while structurally sound, also shows signs of age and neglect. A full renovation would be necessary to bring the property up to a modern standard. The property includes a small rear garden, though it appears overgrown and in need of landscaping. The size of the garden is approximately 867.90 sqft. Considering the property’s condition, the need for extensive renovation, and the relatively small garden, the list price of £45,000 appears to be in line with or slightly below the average price for comparable properties in the area. However, the average price per sqft data is unavailable, preventing a more precise comparison. The lower prices of some nearby properties (£22,000, £29,995) suggest that properties in the area can sell for less, but these may be smaller or in even worse condition. The higher prices (£60,000, £66,000, £80,000) suggest that renovated properties in the area can command higher prices. A thorough cost analysis of the necessary renovations is crucial to determine the property’s true value.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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