Copeland Residential says ..

Property Oracle says ..

The property is a 2 bedroom terraced house located on Craddock Street, Spennymoor, County Durham. It is listed at £55,000 and has a floor area of 770 sqft. The property appears to be in reasonable condition, although some minor cosmetic updates may be desirable. The kitchen and bathroom seem functional but could benefit from modernisation. The flooring and walls throughout appear to be in satisfactory condition. There is a small yard to the rear of the property. The location is within walking distance of several primary and secondary schools, all with good Ofsted ratings. Public transport links are also relatively close, with several train stations within a 10km radius. The immediate neighbourhood shows a range of property prices, suggesting a mixed-income area. While some properties in the area have sold for significantly higher prices, there are also comparable properties that have sold for less than the asking price of this property. Given the property’s condition, size, location and the prices of comparable properties on the same street and in the surrounding area, the list price of £55,000 appears to be relatively reasonable, particularly considering the lower prices of nearby comparable properties. However, the lack of plot size is a notable factor.

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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