Sarah Mains Residential Sales and Lettings says ..

Property Oracle says ..

The property is located in Gateshead, Tyne and Wear, a region with a diverse housing market. The area has a mix of property types and price points, influenced by its proximity to Newcastle upon Tyne and its own local amenities. Several primary schools are within a short distance, including Gibside School which has an ‘Outstanding’ Ofsted rating. Public transportation links to Newcastle city centre are also readily available. This suggests a reasonable location score, although more specific information about the immediate surroundings of the property would be needed for a definitive assessment.

Based on the provided images, the property appears to be in need of some modernisation. The kitchen and bathroom show signs of wear and tear, and some cosmetic updates would likely improve the overall appeal. While the structure seems sound, the interior requires attention. This suggests that the property is not in excellent condition, but neither is it uninhabitable.

The property is a terraced house, and while there is a small yard visible in the exterior photos, there does not appear to be a significant garden area. The plot size is not specified, further hindering an accurate assessment of the land.

The list price of £75,000 is considerably lower than the average house price in the area (£275,146). However, the average price per square foot is not very useful given that the square footage of the property is not provided. Considering the apparent need for modernisation and the lack of information on the property’s size, the price may be reasonable relative to comparable properties in the area. Nearby properties on Shipcote Terrace are listed for sale at prices ranging from £40,000 to £105,000, suggesting that the £75,000 list price is within a competitive range. A more accurate assessment of the price would require knowing the property’s size and conducting a detailed comparison with similar properties recently sold in the area.

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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