Rook Matthews Sayer says ..

Property Oracle says ..

This property is a 5 bedroom detached house located in Fenham, Newcastle Upon Tyne. The property benefits from being close to several schools, including Wingrove Primary School (rated ‘Good’ by Ofsted) and Sacred Heart Catholic High School (rated ‘Outstanding’). Transport links are also relatively convenient, with several train stations within a reasonable distance.

The house itself appears to be a period property, showing features consistent with traditional architecture. The interior photographs reveal that the property is in need of modernisation. The décor and fixtures are dated, and some areas appear to require repairs or updates. The kitchen and bathrooms, in particular, would benefit from significant renovation. The property has a garden, although the size is not specified, and a garage.

Considering the average house price in the area is £256,923 and the average price per square foot is £317, the asking price of £525,000 for this 1,430 sq ft property seems high. While the location and the presence of a garden are positive aspects, the significant need for renovation is a major factor impacting the value. Similar properties in the vicinity are listed at varying prices, with some significantly higher and some lower, suggesting a degree of variability in the market. The lack of plot size information also impacts the overall assessment of value.

Based on the provided information, the property requires a substantial amount of work. The current state of the property significantly affects its market value. The location is positive, but the price may be considered high given the extensive renovations required. The presence of a garden is a positive feature.

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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