TES Property (Lincolnshire) Limited says ..

Property Oracle says ..

This two-bedroom detached bungalow in Grimoldby, Lincolnshire, is situated on a generous plot of land and comes with outline planning permission for four dwellings, significantly impacting its potential value. The property’s location in the village of Grimoldby offers a balance between rural tranquility and access to nearby amenities in Louth. While there is a good primary school close by, the lack of detailed information on other amenities and public transport needs further investigation.

The bungalow itself presents a mixed picture. Externally, it appears structurally sound, benefitting from a brick exterior. However, the interior requires some renovation. The kitchen and bathroom show signs of age and need updating, and the overall finish could be considered dated or uneven. The presence of exposed beams adds a characterful touch. The bedrooms also appear to require some refurbishment to meet contemporary standards.

The expansive garden space is a major asset. The size of the plot, combined with the planning permission, suggests significant development opportunities which substantially increases the value proposition. The current dwelling might be considered a base to start the development, making the property highly attractive to developers or investors who might choose to either renovate the existing bungalow or develop the land accordingly. The lack of readily available information regarding the overall square footage and exact plot size might affect the final valuation and makes accurate calculations challenging, and may deter some buyers.

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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