The asking price of £550,000 needs to be considered in the context of the property’s condition and potential development opportunity. The lack of definitive square footage data for the property makes comparison to nearby sales more difficult. The presence of planning permission for additional residential development will likely increase the overall value. When considering similar-sized properties in the area, this is a fair price range and reflects this investment. However, the need for renovation does introduce a degree of risk. Therefore the price is scored at a 7.

The property shows a mix of conditions. Some areas appear well-maintained, such as the interior photos of the kitchen and living spaces. However, other parts, particularly the exterior and outbuildings, appear to require renovations or updating to bring them to a higher standard. This would entail a significant investment to modernise and improve the properties condition. This warrants a score of 6.

Goxhill benefits from a good location with proximity to a train station (Goxhill station is only 0.10 KM away) and several well-regarded primary schools within a reasonable distance. The village setting offers a quieter lifestyle compared to larger towns, appealing to some buyers. However, the relative isolation from larger amenities might be a drawback for others. The access to the train station is a benefit, however it is not a high frequency service. Therefore a score of 7 is fair.

The property includes a sizable garden, as shown in the photographs; however, the land size is unclear. There is also additional land that is currently undeveloped but has planning permission to construct three 4 bedroom homes. The size and condition of the additional plot is an important factor in this scoring. While the garden itself is sizable and usable, the overall land score is impacted by the undeveloped area’s condition and requires some level of improvement before it can be fully utilized. This is therefore a score of 4.