McGowan Housing says ..

Property Oracle says ..

The property is located on Waterloo Road in Mablethorpe, Lincolnshire. Mablethorpe is a seaside town, and the proximity to the beach could be considered a positive aspect for some buyers, particularly those seeking a holiday home or those who enjoy coastal living. However, being a seaside town, Mablethorpe may experience seasonal fluctuations in demand and property values.

The property itself is a large seven-bedroom house. Based on the provided images, the property appears to be in need of significant modernisation and refurbishment. The interior shows dated décor, worn carpets, and some areas show signs of disrepair, such as peeling paint and damaged walls. The kitchens and bathrooms are particularly dated and would require considerable work. The overall condition is far from excellent.

The property does not appear to have a garden, based on the information provided. The lack of outdoor space may be a drawback for some potential buyers, especially families.

The list price of £225,000 is significantly higher than the average price of £189,040 for properties in the area. While the property is larger than average (1,767.43 sqft compared to an average of 940 sqft), its condition is considerably below average, and the lack of a garden further reduces its desirability. Considering the required renovations, the price per square foot is not particularly competitive when compared to the average price per square foot of £201.00 in the area. The higher list price may be justified only if the property has unique features not evident in the provided information or if there is significant hidden potential.

Therefore, we give this property 2 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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