Chase Holmes says ..

Property Oracle says ..

This three-bedroom terraced house located on High Street in Jarrow, Tyne and Wear, presents a mixed bag. The property’s location is fairly convenient for families, with several primary schools within walking distance. Public transport links seem acceptable, given the relatively close proximity to the Heworth train station. However, more details about the local neighborhood are needed for a complete assessment of location desirability.

Condition-wise, the property seems structurally sound, however, it significantly needs modernization. The interior décor and fixtures and fittings throughout the home appear outdated and are in need of significant upgrading. A potential buyer should budget for renovations to update the property’s appeal and functionality.

The property includes a paved garden; the photos suggest it may be of a smaller size. The lack of information regarding the precise plot size prevents a conclusive judgement.

The list price of £120,000 appears reasonable considering that the average price for properties on High Street is stated as the same. The condition, however, needs to be factored in as many buyers will factor in the cost of renovations. Buyers should complete a detailed property survey and factor in the costs of updating before making an offer. This property would likely appeal most to those seeking a project or a buy-to-let opportunity, where potential rental income could offset the renovation costs.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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