Jackson Green & Preston says ..

Property Oracle says ..

The property is a two-bedroom apartment located in Grimsby, Lincolnshire. The apartment is situated within Wellowgate Mews, a development that appears to be well-maintained, based on the provided images. The exterior of the building is attractive, and the brickwork looks to be in good condition. The interior images reveal that the property requires some modernisation. The decor is dated, and some rooms show signs of wear and tear. While the property is habitable, an update would significantly enhance its appeal and value. The kitchen and bathroom appear functional, but they could benefit from a refresh. The property’s location is convenient, with Grimsby Town train station within walking distance. Several schools are also relatively close by. However, the lack of a plot size suggests no garden is available. Considering the list price of £80,000, the average price per sqft in the area is £312. The property’s size of 750 sqft suggests a value of approximately £234,000 based on the average price per sqft. However, the condition and lack of a garden significantly detract from this value. The nearby comparable properties, ranging from £34,000 to £125,000, provide a more realistic context. Given the need for modernisation and the lack of outdoor space, the list price of £80,000 appears to be in the higher range of what might be considered reasonable for this property.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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