BMH says ..

Property Oracle says ..

The penthouse apartment is located in Cleethorpes, North East Lincolnshire, a popular coastal town. The area benefits from several good schools within a reasonable distance, including Signhills Infant Academy and Thrunscoe Primary and Nursery Academy, both rated ‘Good’ by Ofsted. The proximity to Cleethorpes train station provides convenient access to public transport links. The property’s beachfront location is a significant advantage, offering stunning sea views and easy access to the beach. This contributes to a high location score.

Based on the images, the property appears to be in good condition, although some of the carpets show signs of wear and tear. The kitchen and bathrooms seem well-maintained and modern. There is no visible evidence of significant repairs or renovations needed. However, the dated carpeting in several rooms suggests a potential need for updating. This would influence the condition score.

The property does not appear to have a significant plot size, lacking a traditional garden. The available space is limited to balconies and terraces, which offer limited outdoor space. This will affect the land score.

The list price of £675,000 for a 1,250 sqft penthouse apartment is considerably higher than the average price of £295,228 for properties in the area. However, the average sqft price of £279 does not reflect the premium associated with a penthouse apartment, especially one with sea views and in a desirable coastal location. While the property is more expensive, considering the location, size, and features, the price may be justified. A comparison to nearby listings, particularly the £635,000 detached house, supports this, although the lack of plot size data for those properties makes direct comparison difficult. The price rationale should consider these factors.

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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