Your Move says ..

Property Oracle says ..

This two-bedroom, one-bathroom property in Swalwell, Gateshead, is listed at £55,000. The property is a terraced house situated on Axwell Terrace. The location offers convenient access to the Metrocentre and several schools, with Front Street Community Primary School being particularly notable for its ‘Outstanding’ Ofsted rating. Nearby transport links also improve accessibility. However, the property is in need of significant modernisation and refurbishment. The photos reveal damage and outdated features; notably, the bathroom and flooring require considerable attention, and there are some cosmetic issues throughout. The small plot size does not include an appreciable garden. The asking price should reflect the considerable work needed to bring the property to a habitable standard. Comparing the price to others within the NE16 postcode, which also require renovation, appears fairly competitive, however, this market segment is significantly influenced by the condition, so a precise price comparison is difficult. Overall, the property presents an opportunity for investors or those comfortable undertaking significant renovation work, but it is not a move-in-ready solution. Due to the need for significant renovation, buyers should be cognizant of unexpected costs and factor these into their decision. Careful consideration of the refurbishment needed before purchasing is recommended.

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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