Venture Properties says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located on Annand Road in Gilesgate, Durham. The list price is £120,000. The property is 875 sqft and has a small garden. The location is reasonably good, with several primary schools within a kilometer, including Durham Gilesgate Primary School and Laurel Avenue Community Primary School. Durham train station is approximately 3.25km away, offering access to rail travel. However, the average house price in the area is significantly higher (£442,613), suggesting this property might be in a less desirable part of Gilesgate. More information on the immediate surroundings and amenities would be needed to give a more precise location score. Based on the provided images, the property appears to be in fair condition. While there is no major damage visible, it shows signs of needing some modernisation and updating. The decor is dated, and some cosmetic improvements would enhance its appeal. A full survey would be needed to assess the condition of the structure and any potential underlying issues. The property has a small garden, which is a positive feature. However, the plot size is listed as 0.00 sqft, which is unusual and requires clarification. A more accurate measurement of the garden’s size is needed for a proper assessment of the land score. Considering the list price of £120,000, the average house price in the area (£442,613), and the average price per sqft (£432), this property seems significantly underpriced. However, its condition and the lack of information regarding the plot size need to be taken into account. The lower price may reflect the need for modernisation and the relatively small garden size. A comparative market analysis of similar properties in the area, taking into account their condition and size, is crucial for a more accurate price assessment.

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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