next2buy says ..

Property Oracle says ..

The property is a 3-bedroom, 1-bathroom terraced house located in Melrose Gardens, Howdon, North Tyneside. It has a total area of 830 sqft and benefits from a garden. The list price is £175,000. The location is positive, with several primary schools within a 1km radius, including Denbigh Community Primary School (Outstanding Ofsted rating) and Silverdale School (Good Ofsted rating). The proximity to these well-regarded schools is a significant advantage for families. A train station (Heworth) is also relatively close, approximately 9.11km away. Based on the provided images, the property appears to be in excellent condition. It has recently undergone modernisation, featuring a contemporary kitchen and bathroom. The interior is well-maintained and presented to a high standard. The property includes a garden, which is a desirable feature for many buyers. The size of the garden appears to be relatively modest but provides a private outdoor space. Considering the property’s condition, the location, and the presence of a garden, the list price of £175,000 appears reasonable in the context of the local market. While the average house price in the area is considerably higher (£525,346), this is likely due to larger properties. The average price per sqft in the area is £302, and this property is priced lower per sqft. However, nearby comparable properties on Melrose Gardens itself are significantly cheaper, ranging from £32,000 to £115,000. This suggests that the list price may be at the higher end of the range for properties on this particular street. Further investigation into the specifics of comparable properties (size, condition, and features) would be necessary to definitively assess the value.

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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