Sanderson Young says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located on Osborne Road in Jesmond, Newcastle Upon Tyne. It has a list price of £199,950 and is 750.03 sqft in size, situated on a 703.96 sqft plot. The location is excellent, situated in the desirable Jesmond area of Newcastle. Jesmond is known for its high-quality schools, including West Jesmond Primary School (Outstanding Ofsted rating) within 0.60km of the property. The proximity to excellent schools significantly enhances the property’s desirability and value. Furthermore, the area benefits from good transport links, with several train stations within a reasonable distance, making commuting convenient. Based on the provided images, the property appears to be in good condition. The interior is well-maintained and presented, showing a modern, updated kitchen and bathroom. The property has retained some traditional features, such as high ceilings and period fireplaces, while incorporating modern amenities. There is no visible evidence of significant repair or renovation needs. The exterior of the building also appears well-maintained. The property includes a small, manageable rear garden, providing some outdoor space. While not extensive, it’s a valuable addition, especially for a flat in an urban location. Considering the property’s location in desirable Jesmond, its good condition, and the inclusion of a garden, the list price of £199,950 appears reasonable, especially when compared to the average price per sqft in the area (£362.00). While the average property price in the area is significantly higher (£488,327), this is likely due to larger properties. The smaller size of this flat justifies a lower price point. Nearby comparable properties support this assessment, with prices ranging from £160,000 to £495,000 for flats, although sqft data for these comparisons is missing. The property is likely to appeal to first-time buyers or those seeking a well-maintained, conveniently located flat in a highly sought-after area.

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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