Barratt Homes says ..

Property Oracle says ..

The property is a 2-bedroom end of terrace house located in Wynyard, Stockton-on-Tees. The list price is £168,000, and the property is 451 sqft. The average price per sqft in the area is £286. This suggests that the property is significantly underpriced compared to the average for the area. However, it is important to note that the average house price in the area is considerably higher (£422,331) and the average house size is much larger (1476 sqft). The smaller size of this property and its end-of-terrace style may account for the lower list price. Nearby properties are predominantly detached houses with significantly higher prices, ranging from £224,995 to £462,500. This further supports the idea that the subject property’s price is lower due to its size and type. The lack of plot size information for the subject property and nearby listings prevents a complete analysis of land value. The property appears to be in excellent condition, as shown in the provided photographs. It is modern and well-presented, with a contemporary interior design. There is no evidence of needing renovation. The property’s location is positive, with nearby schools (including an outstanding-rated primary school) and transportation links. The proximity to these amenities adds value to the property. Considering the property’s condition, location, and apparent value compared to other properties in the area, the list price of £168,000 may represent good value for money, despite being significantly lower than the average house price. The lack of plot size data prevents a complete assessment of land value.

Therefore, we give this property 9 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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