Mike Rogerson Estate Agents says ..

Property Oracle says ..

This two-bedroom ground floor flat located on George Street in Wallsend, Tyne and Wear, presents itself as a potential investment opportunity. The property is currently tenanted, generating a monthly rental income of £350. The photos suggest a property that is habitable but in need of some modernisation. The kitchen and bathroom appear dated, and the interior shows signs that would benefit from aesthetic improvements. The exterior of the building is typical of the area and is seemingly in reasonable condition. There is mention of a rear yard, although the exact size is not specified. The listing price of £54,950 needs to be analyzed carefully. While some nearby properties command higher prices, others are lower. The lack of square footage information makes it difficult to gauge the true value per square foot. The property’s appeal rests heavily on its investment potential, considering the ongoing rental income, which is one of the many factors that affect the pricing and desirability of the property. Prospective buyers should consider the necessary updating and renovation costs before making a purchase decision. The energy performance certificate reveals an ‘E’ rating suggesting the potential for improvements in energy efficiency.

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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