J W Wood says ..

Property Oracle says ..

The property is located on Princes Street, Bishop Auckland, County Durham. It’s a three-bedroom terraced house with one bathroom, listed at £90,000. The property has 823.01 sqft of living space and a plot size of 0.00 sqft.

The location is reasonably convenient, with Bishop Auckland train station approximately 0.69km away. Several primary schools are within a short distance, including Etherley Lane Primary School (0.21km) and Etherley Lane Nursery School (0.30km), both rated ‘Good’ or ‘Outstanding’ by Ofsted. The proximity to these schools is likely to be a positive factor for families.

Based on the provided images, the property appears to be in need of some modernisation. The interior shows dated decor and finishes in several rooms. While structurally sound, the property would benefit from updating to improve its overall condition and appeal. The small, enclosed yard is a practical addition, but limited in size.

Considering the list price of £90,000, the average price in the area is £134,862, and the average price per sqft is £132. This property is significantly below the average price, however, the average sqft is 1017 sqft, whereas this property is only 823.01 sqft. The discrepancy in price is notable. The need for modernisation will likely impact the perceived value. Further investigation into comparable properties in similar condition and size within the area is needed to determine if the asking price is reasonable. The lack of plot size is also a factor to consider in the overall valuation.

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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