Mundys says ..

Property Oracle says ..

This two-bedroom terraced property in Lincoln is located on Victoria Street, within the Carholme area. The property benefits from being close to several schools, including Westgate Academy (Good Ofsted rating), University of Lincoln (Good Ofsted rating), and Mount Street Academy (Outstanding Ofsted rating), making it attractive to families and students. Lincoln railway station is also within reasonable proximity, providing convenient access to other areas.

The property itself appears to be in generally fair condition, although some minor cosmetic updates may be desirable. The kitchen and bathroom appear functional but could benefit from some modernisation. The property includes a small, enclosed rear yard.

Considering the average house price in the area is significantly higher (£259,654) than the listing price (£160,000), and the average price per sqft is £241 compared to this property’s implied price per sqft of approximately £252, the asking price appears relatively reasonable, particularly given its location and the presence of a small yard. However, the smaller size of the property (636.15 sqft) compared to the area average (1,073 sqft) should be taken into account. Nearby comparable properties show a range of prices, with some terraced houses selling for less and others for more.

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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