Lovelle Estate Agency says ..

Property Oracle says ..

The property is a terraced house located on Stanley Street in Gainsborough, Lincolnshire. The list price is £45,000. Several nearby properties have recently sold for similar prices, ranging from £35,000 to £62,750. The average price for properties in the area is significantly higher, at £161,745, with an average price per square foot of £176. However, the provided data does not include the square footage of the subject property, making a direct comparison challenging. The property appears to be in reasonable condition for its price point, although a more detailed inspection would be needed to assess its structural integrity and the extent of any necessary repairs or upgrades. The presence of a small front garden is a positive aspect. The location is close to Gainsborough Lea Road and Gainsborough Central train stations, offering convenient access to public transport. Several schools are also within a reasonable distance, including Benjamin Adlard Primary School (rated ‘Good’ by Ofsted) and The Gainsborough Hillcrest Early Years Academy (rated ‘Outstanding’). This contributes positively to the property’s overall appeal. Given the lack of square footage information for the subject property, a definitive assessment of the price’s reasonableness in relation to the average price per square foot cannot be made. However, considering the lower-than-average list price compared to other nearby properties and its proximity to amenities and transport links, the price could be considered relatively reasonable, particularly for a first-time buyer or investor seeking a property requiring some potential improvements.

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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