Moving Homes Sales & Lettings Limited says ..

Property Oracle says ..

This one-bedroom flat is located in North Shields, Tyne and Wear. The property benefits from being close to several primary schools, with Waterville Primary School and Spring Gardens Primary School both receiving a “Good” Ofsted rating and within a reasonable distance. The proximity to these schools could be a significant advantage for families. The property itself appears to be well-maintained and presented to a high standard based on the provided images. The kitchen and bathroom have been recently updated, suggesting that the property is in good condition. The flat is relatively small at 525 square feet, but it appears to be well-designed and makes efficient use of space.

The list price of £75,000 is significantly lower than the average house price in the area (£260,420). However, it’s important to note that the average price includes a variety of property types, and this is a flat, which typically commands lower prices. While the average price per square foot in the area is £337, this figure is not directly comparable given the lack of square footage data for nearby properties. The price seems reasonable considering the condition, size, and location of the property, particularly in comparison to similar flats in the area (e.g., another flat on Prudhoe Terrace listed at £75,000, and a ground flat on Howdon Road listed at £55,000). However, the lack of information on the plot size makes it difficult to fully assess the value of the property.

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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