YOUR MOVE Chris Stonock says ..

Property Oracle says ..

The property is a 2 bedroom flat located in Chapel, Newcastle Upon Tyne. It is listed for £120,000 and has a floor area of 635.07 sqft. The average price for properties in the area is significantly higher at £461,500, with an average price per sqft of £423. Nearby properties range in price from £122,000 to £275,000, suggesting some variation in pricing within the immediate vicinity. The property benefits from a small garden. The images reveal that the property is in reasonably good condition, although some areas, such as the flooring in the bedrooms, appear dated and might benefit from modernisation. The bathroom, however, seems recently updated. The kitchen also appears to have had some modernisation, but the tiling is dated. The location appears convenient, with nearby primary schools rated as ‘Outstanding’ and ‘Good’ by Ofsted, and several other schools within a reasonable distance. Public transport links are also relatively close. Given the smaller size of the property compared to the area average (635 sqft vs 1089 sqft) and its location in an area with higher average property prices, the list price of £120,000 appears relatively low compared to the average price of similar properties in the area. However, the condition of the property, while reasonable, is not exceptional and may account for the lower price. The lower price might also reflect the property type (flat) compared to the larger semi-detached and detached properties in the surrounding area.

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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