METEOR HOMES says ..

Property Oracle says ..

This three-bedroom terraced house in Grimsby’s East Marsh area presents a mixed bag for potential buyers. The listing emphasizes its suitability for first-time buyers and investors. Its location offers convenient access to several schools and transport links, a definite advantage. However, the East Marsh’s overall reputation as a less desirable area needs to be considered. The property’s interior styling appears dated, requiring updating and refurbishment to meet modern standards. The bathroom, in particular, could benefit from significant improvement. While the property has a rear garden, its current condition appears somewhat neglected.

The asking price is comparable to similar properties on Stanley Street, but the lack of square footage information and the need for refurbishment prevents a definitive conclusion on its value. Ultimately, potential buyers should conduct a thorough survey and weigh the pros and cons of location against the necessary renovation work before making a decision. Investors may be more interested due to potential rental income opportunities given the high rental price of other properties in the surrounding area. However, rental yield would need to be carefully analyzed, taking account of the required refurbishment and the prevailing market conditions. The lack of data about the property’s size and the overall condition, particularly the state of the garden, also leaves room for uncertainty. A detailed survey is advisable prior to purchase.

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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