Martin & Co says ..

Property Oracle says ..

The property is a two-bedroom terraced house listed at £32,000. The photos reveal that the property is in need of significant renovation. The flooring, walls, and kitchen require considerable work. The bathroom appears outdated and also requires updating. While the location benefits from proximity to Boldon Nursery School (Outstanding Ofsted rating) and other schools, the lack of information regarding the property’s square footage and plot size prevents a complete assessment of land and value. The average prices of nearby properties on Charles Street vary significantly, ranging from £26,000 to £83,500. This wide range indicates considerable variation in property condition and size within the street. Nearby streets show a much higher average price, suggesting that Charles Street may be a less desirable location within Boldon Colliery. The presence of a small yard is noted, but its size is unknown. The list price of £32,000 appears low compared to some nearby properties, but given the extensive renovation needed, it may represent a reasonable price for a buyer willing to undertake a complete refurbishment. However, without knowing the square footage, a definitive assessment of value per square foot is impossible.

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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