Mike Rogerson Estate Agents says ..

Property Oracle says ..

The property is a two-bedroom terraced house located on Chestnut Street in Ashington, Northumberland. The list price is £40,000. Considering the provided images, the property appears to be in need of significant renovation. The interior shows worn flooring, dated fixtures, and requires a complete redecoration. The garden, while present, is overgrown and requires attention. The location in Ashington, while close to some schools and transportation links, benefits from proximity to the College area. However, the average house price in the area is significantly higher than the list price of this property. This suggests the property may be undervalued, but this needs to be considered in light of the required renovations. Nearby comparable properties on Chestnut Street and surrounding streets show a range of prices, some significantly higher, and some lower than the list price. This lack of consistency in pricing makes it difficult to definitively assess the value. The absence of square footage data for the subject property and comparable properties prevents a precise price per square foot comparison. Given the condition of the property and the need for substantial renovation, the list price of £40,000 might seem reasonable to some buyers seeking a renovation project. However, the significant work required should be factored into any purchase decision. The lack of data on the property’s size makes it impossible to give a definitive opinion on the price.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images