McGowan Housing says ..

Property Oracle says ..

Ripon Street is located in the Bridges area of Gateshead, Tyne and Wear. The property is a 2-bedroom flat listed at £80,000. Several nearby properties on Ripon Street itself are listed for sale at similar prices, ranging from £55,000 to £106,000. This suggests that the list price of £80,000 is within the typical range for flats in this immediate area. However, the average price for properties in the wider Gateshead area is significantly higher at £159,813. This discrepancy may be due to factors such as property size, condition, and specific location within Gateshead.

The property appears to be in reasonably good condition, although some minor cosmetic updates might enhance its appeal. The kitchen and bathroom seem functional but could benefit from some modernisation. The images do not reveal any major structural issues.

The lack of information regarding plot size prevents a definitive assessment of the land aspect. More details would be needed to determine whether the property offers a garden or outdoor space.

Given the list price of £80,000, the average price of £159,813 for the wider Gateshead area, and the comparable prices of nearby properties on Ripon Street, the price appears to be relatively low compared to the area average. However, without knowing the square footage of the property, it’s difficult to assess whether this is a good value. The lack of sqft information for this property and the surrounding properties makes it hard to determine the price per sqft and therefore the value of the property. More information is needed to provide a conclusive opinion on the price.

Based on the provided information, the property is conveniently located near several schools with varying Ofsted ratings, suggesting a range of educational options for families. The proximity to several train stations also offers good transport links. However, the lack of information on the property’s square footage makes it difficult to fully assess the value.

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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