The Agency UK says ..

Property Oracle says ..

The property is a 2-bedroom apartment located in Regency Apartments, Killingworth, North Tyneside. It’s a relatively small apartment with 411 sqft of living space and a 558 sqft plot. The list price is £100,000.

The apartment appears to be in reasonable condition. While not modern, it is habitable and doesn’t show any major signs of disrepair needing immediate attention. The kitchen and bathroom appear dated but functional. The property benefits from a fireplace, which could be a desirable feature.

The location in Killingworth benefits from relatively close proximity to several schools, including Amberley Primary School (rated ‘Good’) and George Stephenson High School (also rated ‘Good’), and Percy Hedley School (rated ‘Outstanding’). Several train stations are within a reasonable distance, offering convenient access to Newcastle and other areas. The immediate surroundings appear to be residential with ample parking.

Given the average price per sqft in the area is £302, and the apartment is listed at £100,000, the price seems relatively reasonable, especially considering the smaller size of the property compared to the area average. However, the average house price in the area is significantly higher at £525,346, suggesting this apartment is priced at the lower end of the market. This could be due to its size and the fact that it is an apartment rather than a house. Nearby comparable properties support this lower pricing.

Considering all factors, the property presents a reasonable value for money, particularly for first-time buyers or investors seeking a relatively affordable property in a convenient location.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images