Andrew Craig says ..

Property Oracle says ..

The property at Hopedene, Leam Lane, Gateshead, NE10 8JN is a 3-bedroom semi-detached house listed at £140,000. The property appears to be in good condition, with recently updated kitchen and bathroom fixtures. The interior is presented well and is move-in ready. There is a garden to the rear of the property, which is a desirable feature.

The average house price in the area is significantly higher at £275,146, and the average price per square foot is £234. However, comparable properties in the immediate vicinity are listed at much lower prices, ranging from £70,000 to £135,000. The lack of square footage data for the subject property and its comparables makes a precise price per square foot calculation impossible. Nevertheless, considering the presented condition, the presence of a garden, and the lower prices of similar properties nearby, the list price of £140,000 appears to be within a reasonable range for this location.

The property’s location benefits from its proximity to several outstandingly rated primary schools, including Roman Road Primary School and Lingey House Primary School. Public transportation options are also available, with Heworth train station being approximately 2.22 km away. The presence of local schools and transport links enhances the property’s desirability.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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