YOUR MOVE Chris Stonock says ..

Property Oracle says ..

Rose Avenue is located in Houghton Le Spring, Tyne and Wear. The property is a semi-detached house with three bedrooms and one bathroom. The list price is £74,950. The average house price in the area is £190,680, with an average price per square foot of £186. This property is significantly below the average price for the area.

The property has a plot size of 905.24 sqft, which is smaller than the average plot size of 1,022 sqft in the area. Based on the images provided, the property is in need of significant renovation. The kitchen and bathroom appear to be in a state of disrepair, and the garden is overgrown and unkempt. The property requires substantial work.

The location is close to several schools, including Dubmire Primary School (rated ‘Good’ by Ofsted) and is within reasonable distance to other schools. There is also a train station approximately 8.75km away. While the proximity to amenities is positive, the overall condition of the property significantly impacts its value.

Considering the property’s condition, the relatively small plot size, and the significant amount of renovation required, the list price of £74,950 appears to be relatively low compared to other properties in the area, but this is likely reflective of the extensive work needed. However, the low price may also reflect the overall state of the property.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images