Sarah Mains Residential Sales and Lettings says ..

Property Oracle says ..

Lobley Hill is a residential area in Gateshead, Tyne and Wear. It benefits from being relatively close to the town centre and has good transport links. The property is situated near several primary schools, including Lobley Hill Primary School and St Philip Neri Catholic Primary School, both within a kilometer. Emmanuel College, an outstanding secondary school, is also nearby. The proximity to these schools makes the location attractive to families. Based on the provided images, the property appears to be in need of some modernisation and updating. The interior shows some areas requiring repair or refurbishment, such as the flooring and some walls. The kitchen and bathroom appear dated and could benefit from a complete overhaul. While the structure seems sound, significant cosmetic work is needed to bring it up to a modern standard. The property includes access to a sizable grassy area, which is a significant advantage. This outdoor space offers potential for recreation and relaxation. The size and condition of this area suggest a relatively high score for land. Considering the list price of £55,000, and comparing it to similar properties in the area (many of which are listed at significantly higher prices), this property appears to be priced competitively, especially given its need for renovation. While requiring significant investment, the potential return on investment could be substantial, making the price reasonable for a buyer willing to undertake the necessary improvements. The lower price point may also be attractive to first-time buyers or investors looking for a project.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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