Sell Your Tenanted Property says ..

Property Oracle says ..

The property is a terraced house located on John Williamson Street in South Shields, Tyne and Wear. The list price is £49,000. Considering the provided images, the property appears to be in need of some modernisation and updating. While the structure seems sound, several areas show signs of wear and tear, requiring attention. The kitchen and bathroom, in particular, could benefit from refurbishment. The property shows some signs of damp. The location benefits from proximity to several schools, including Stanhope Primary School (rated ‘Good’ by Ofsted), and is within a reasonable distance to others. More information on transportation links would be helpful in a complete assessment of the location. Information on the plot size is missing, preventing a proper evaluation of the land aspect. The absence of garden information also limits the assessment. Given the list price of £49,000 and the average price of properties in the area being significantly higher at £482,757, this property seems significantly underpriced. However, this needs to be considered in the context of the property’s condition and the need for renovations. The average price per sqft of £342 is not directly comparable due to the missing sqft data for this property. Nearby comparable properties show a range of prices, some significantly higher, and some lower, indicating that the property’s price could be considered reasonable given its condition and the need for renovations. However, a definitive conclusion on the price cannot be reached without more information.

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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