Jan Mitchell Properties says ..

Property Oracle says ..

Prospect Terrace is a three-bedroom terraced house located in Hobson, Newcastle upon Tyne, with a list price of £140,000. The property has recently undergone a full renovation, boasting a modern kitchen and bathroom. The interior is presented in excellent condition with new flooring and a fresh coat of paint throughout. The property benefits from a traditional fireplace, adding character to the living space. Externally, there is a small front garden.

The average house price in the area is significantly higher at £284,082, with an average price per square foot of £282. However, this average is likely skewed by larger properties. Nearby terraced houses have sold for prices ranging from £85,000 to £135,000, suggesting the list price of £140,000 is at the higher end of the market for comparable properties in the area. The lack of plot size may also impact the overall value.

Burnopfield and Dipton benefit from good local primary schools, some rated as ‘Good’ or even ‘Outstanding’ by Ofsted, which is a positive aspect for families. The proximity to Blaydon train station, approximately 8.26km away, provides access to public transport links. However, the lack of detailed information on local shops and amenities means a thorough assessment of location is limited.

Given the recent renovation, the property is in excellent condition. The lack of significant external space is a factor to consider.

Based on the provided information, the property presents as a well-renovated, three-bedroom terraced house in a location with good schools, but limited information is available on the immediate local amenities and transport links beyond the train station. The price is at the higher end of the market for similar properties in the area, considering its size and lack of significant garden space.

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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