Abbotts says ..

Property Oracle says ..

The property is a 2 bedroom terraced house located in Castle Acre, King’s Lynn, Norfolk. It benefits from a relatively small garden. The property is in need of some modernisation, but the structure appears to be sound. The average house price in the area is £265,511, significantly higher than the list price of £160,000. However, the average house size is 879 sqft, considerably larger than this property at 702.88 sqft. The average price per sqft is £302, suggesting that the list price might be undervalued, especially considering the property’s location within a desirable village setting. The presence of a primary school within close proximity (0.55 KM) adds to the property’s appeal for families. However, the lack of nearby transportation links might be a drawback for some buyers. The property shows signs of modernisation, such as updated windows and a relatively modern kitchen. However, the interior requires further upgrading. The exposed brickwork and beams suggest a period property, which could add character and value if renovated thoughtfully. The small garden is a positive attribute, though it is relatively small. Considering the property’s location in a desirable village setting, proximity to a well-regarded primary school, and the potential for increasing value through modernisation, the list price of £160,000 could represent good value for money, despite being significantly below the average price for the area. However, potential buyers should factor in the costs of necessary renovations.

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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