Rook Matthews Sayer says ..

Property Oracle says ..

This property is a one-bedroom retirement flat located in Homeforth House, Gosforth, Newcastle upon Tyne. The location is a significant advantage, with the property situated near Gosforth High Street and the Regent Centre, offering convenient access to shops, restaurants, and transport links. Several highly-rated schools are also within a reasonable distance. However, the property’s condition is a key consideration. The provided images reveal a dated interior requiring modernisation. The kitchen and bathroom fixtures appear outdated, and the flooring shows wear. The property’s lack of private outdoor space is another factor to consider. The list price of £65,000 is competitive within the context of the Gosforth market for retirement flats, but potential buyers should budget for refurbishment costs. The absence of square footage data prevents a precise calculation of price per square foot, making a definitive statement on value more challenging. Overall, the property presents a mixed profile: a desirable location is offset by the need for significant modernisation and the lack of private outdoor space. The target market is clearly defined as over-60s seeking a convenient location with minimal maintenance responsibilities. Buyers should carefully weigh the pros and cons before making a purchase decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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