Mundys says ..

Property Oracle says ..

This two-bedroom terraced property in Lincoln’s Castle area is listed at £170,000. The property benefits from a small rear garden. While the location is convenient, being close to schools like Mount Street Academy (Outstanding Ofsted rating) and Westgate Academy (Good Ofsted rating), and relatively close to Lincoln railway station, the property’s condition appears to require some modernisation. The carpets and some fixtures show signs of wear, suggesting a need for updating or refurbishment. The average house price in the area is significantly higher (£302,231), and the average price per square foot is £288, considerably more than what this property offers. However, nearby comparable properties on Gray Street have sold for between £62,000 and £215,000, indicating some price variability in the area. Given the condition and the lower average price per square foot compared to the area average, the asking price of £170,000 may be reasonable, particularly if the buyer intends to undertake some renovations. The small plot size is a factor to consider, but the presence of a garden is a positive.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images