The County Property Auction says ..

Property Oracle says ..

This three-bedroom terraced house in Lincoln, Lincolnshire, is listed at £95,000. The property’s location is a positive aspect, with its proximity to Lincoln city center offering good access to amenities, transport (via the nearby East Midlands Railway station), and several schools, some with positive Ofsted ratings. The location score is somewhat tempered by the lack of precise street-level information regarding the desirability of Portland Street itself.

The property’s condition is a key factor affecting its overall value. The photographs reveal an interior that appears dated and requires significant modernization. Carpets, wallpaper, and kitchen and bathroom fittings appear worn and outdated. Potential buyers should budget for substantial renovation costs. Therefore, there is potential for high return if renovations are carried out successfully.

The property includes a small rear yard, offering some outdoor space. A shed provides additional storage. The limited space prevents a higher land score.

Considering its condition and the need for refurbishment, the asking price seems reasonably priced, although not an exceptional bargain. The absence of square footage data makes a definitive price-per-square-foot comparison to similar properties difficult. Comparing this property to others on the same street, this property is underpriced compared to others in this area. However, this would likely change after renovations. Therefore, a potential investor should consider the cost of renovation when deciding whether or not to purchase this property.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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