Newton Fallowell says ..

Property Oracle says ..

The property is a 5 bedroom terraced house on Wainfleet Road, Skegness, Lincolnshire. It is located close to several schools, including Skegness Grammar School (rated ‘Good’ by Ofsted) and is within 0.45km of Skegness train station. The property itself appears to be in good condition, having undergone some modernisation, although it retains some traditional features. The kitchen and bathroom are relatively modern. There is a small rear garden.

Considering the average price per square foot in the area is £228, and this property is 1200 sqft, a reasonable estimate for the price would be around £273,600. The list price of £159,950 is significantly lower than this estimate. However, several comparable properties on Wainfleet Road and Alexandra Road have sold for prices between £103,000 and £165,000. This suggests that the list price may be competitive within the immediate vicinity, although it remains considerably below the average price for the wider area. The discrepancy could be due to factors not reflected in the data, such as the property’s specific condition or features.

The property benefits from being in a convenient location near schools and transport links. The small garden is a positive feature. The property appears well-maintained, although images do not provide a complete picture of the property’s condition. The list price appears low relative to the average price per sqft for the area but aligns with recent sales in the immediate vicinity.

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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