Acuitus Limited says ..

Property Oracle says ..

This property is a block of 46 apartments located in Grimsby, Lincolnshire. The location is in the West Marsh area, relatively close to several primary schools (Littlecoates Primary Academy and Macaulay Primary Academy being the closest) and some transport links. However, the area is not without its challenges, and the overall desirability of the location may be a factor in determining the property’s value. The property itself appears to be newly built or recently renovated, based on the provided images showing modern fixtures and finishes in the apartments and communal areas. There is a small, enclosed external space visible in the images, which could be considered a shared courtyard rather than individual gardens. The asking price of £3,250,000 is considerably higher than the average house price in the area (£69,711). Considering the number of units (46 apartments), the price per unit would be approximately £70,652. This is significantly higher than the average house price, although the lack of square footage data makes a precise comparison difficult. Further investigation into rental yields and comparable properties in the area would be necessary to fully assess the value and reasonableness of the list price. The absence of information on the size of the building and the plot makes it impossible to accurately assess the land value or to determine the price per square foot.

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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