J W Wood says ..

Property Oracle says ..

The property is a three-bedroom terraced house located in Sherburn Hill, Durham. The asking price is £120,000. The property has a small yard. Based on the images provided, the property appears to be in need of some modernisation. The décor is dated, and some areas could benefit from updating. The kitchen and bathroom, in particular, show their age. While structurally sound, the property would benefit from a refresh to enhance its overall appeal and value. The location is relatively close to a few primary schools which are rated as good by Ofsted. However, further information on secondary schools and other amenities would be needed for a more comprehensive assessment of the location score. The lack of nearby transportation details provided makes it difficult to comment on this aspect. Considering the average price per square foot in the area is £153, and the property is 1,109.01 sqft, a comparable property might be expected to sell for around £169,000. The list price of £120,000 is significantly lower than this estimate. However, the condition of the property needs to be factored in. The property requires modernisation, which would impact the final sale price. Therefore, while the price may seem low compared to average prices in the area, it reflects the need for renovation.

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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