McGowan Housing says ..

Property Oracle says ..

The property is a three-bedroom terraced house located on Ladysmith Road in Grimsby, North East Lincolnshire.

The list price is £85,000. The average property price in the area is £148,630, with an average price per square foot of £145. This property has 788.55 sqft.

Location: The property is situated near several primary schools with good Ofsted ratings, including Edward Heneage Primary Academy and Saint Mary’s Catholic Voluntary Academy, both within a 0.5km radius. Several train stations are also within reasonable commuting distance, providing access to Grimsby and beyond. This suggests a reasonably convenient location for families and commuters.

Condition: Based on the provided images, the property appears to be in fair condition. While there is no significant damage visible, the interior shows signs of wear and tear, and some cosmetic updates would likely improve its overall presentation. The walls show some minor damage and the property could benefit from some modernisation.

Land: The property includes a small rear garden with a shed and a small patio area. While not extensive, the garden offers some outdoor space.

Price: Considering the average price per square foot in the area (£145) and the property’s size (788.55 sqft), a rough estimate of its value would be around £114,000. However, the actual list price is significantly lower at £85,000. This discrepancy could be explained by the property’s condition and the relatively small plot size. Compared to other nearby properties on Ladysmith Road which have sold for significantly less, the £85,000 asking price appears to be at the higher end of the market value for similar properties in this immediate area. However, the lower price may reflect the need for some modernisation.

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

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