Beercocks says ..

Property Oracle says ..

The property is a two-bedroom terraced house located in Newport, Barton-Upon-Humber, Lincolnshire. The list price is £80,000. The property is in need of significant renovation. The walls show considerable damage in several rooms, and the kitchen and bathroom appear outdated and require complete modernisation. This suggests a condition score that is considerably below average. The property benefits from a small yard/rear garden, although it is not extensive. Considering the average price per square foot in the area is £121.00, and the property’s size is 612.47 sqft, a rough estimate of the property’s value based on size alone would be approximately £74,000. However, this is before considering the property’s condition and the need for extensive renovation. The list price of £80,000 is slightly higher than this estimate but still relatively low compared to the average house price in the area of £347,290. This is likely due to the property’s condition and the need for substantial refurbishment. The price may be considered reasonable, given the need for renovation, but potential buyers should budget for significant costs. Nearby properties show a range of prices, some significantly lower than the average price for the area, indicating that there is a market for properties in need of renovation in this location. The proximity to schools and transport links adds to the property’s appeal, despite its condition. The location is positive, with nearby schools and transport links. This is a key factor to consider when assessing the overall value.

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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