Greetham Gilbert says ..

Property Oracle says ..

This property is an 18-bedroom semi-detached house located in the desirable South Jesmond area of Newcastle upon Tyne. The house is presented as a significant investment opportunity, with potential for development or conversion, given its size and location in a conservation area. The exterior architecture appears traditional, maintaining character features consistent with the area. However, the internal images reveal a mixed picture. While the property offers numerous bedrooms and multiple bathrooms, some rooms show signs of needing modernisation or upgrading, with dated finishes and some apparent wear and tear. The property’s overall condition appears adequate but could be improved significantly through renovation. The size of the available land is not readily apparent from the images. While some greenery is visible, it is difficult to ascertain the actual plot size or whether there is a garden. The location within South Jesmond is a major plus, providing access to highly-rated schools and green spaces, including Jesmond Dene. Proximity to transport links and amenities also adds to the appeal. The list price of £1,750,000 represents a high value per property on the market in the area, though potentially justified if the internal condition of the entire property, the land size, and potential for development, are fully considered. A thorough survey and further investigation are crucial before making a purchasing decision. Overall, the property presents a compelling investment prospect, but a cautious approach is recommended, allowing for necessary upgrades and refurbishment costs. Potential buyers should carefully weigh the investment potential against the necessary expenditure for improvement and 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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