Greetham Gilbert says ..

Property Oracle says ..

This five-bedroom, three-bathroom maisonette located on Myrtle Grove in Jesmond, Newcastle upon Tyne presents an interesting investment opportunity. The property benefits from a highly desirable location in a family-friendly area with excellent local amenities and schools. West Jesmond Primary School, rated as ‘Outstanding’ by Ofsted, is within easy reach, making this location attractive to families with young children. Several other good schools are also nearby.

Transport links are reasonably convenient, with multiple train stations located within a few kilometers’ radius. The area’s well-established residential character contributes to its overall desirability.

However, the property shows its age and would need some renovation and modernization. The kitchen and bathrooms, in particular, seem dated and could benefit from upgrades. While the interior images show reasonably well-maintained rooms, the exterior photo showcases some landscaping issues. The absence of a garden or significant outdoor space further limits the property’s appeal for some buyers.

Overall, the property offers a good blend of location and potential but comes with the caveat of requiring some investment in refurbishment. The asking price of £375,000, considering the need for renovation, and the location and features, appears relatively reasonable compared to similar properties in the area. The lack of square footage data makes a definitive assessment challenging but similar five-bedroom properties in the area command a similar price point.

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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