Reeds Rains says ..

Property Oracle says ..

The property is a 2 bedroom apartment located on Newlands Avenue in Newcastle upon Tyne. The apartment is 825 sqft and is listed at £150,000.

The location is good, with nearby schools including Gosforth Park First School and Gosforth East Middle School, both rated ‘Good’ by Ofsted. Several train stations are within a reasonable distance, providing good transport links. The presence of local shops and green spaces, as seen in the provided images, further enhances the desirability of the location.

Based on the images, the property appears to be in reasonably good condition. While not modern, it is clean and well-maintained. There is no obvious evidence of significant repair or renovation needs. The kitchen and bathroom appear functional, though perhaps slightly dated.

The property does not appear to have a significant amount of land associated with it. The plot size is listed as 0.00 sqft, suggesting it is primarily an apartment within a larger development.

Considering the list price of £150,000, the average price in the area is significantly higher at £302,407. However, the average sqft price of £271 is higher than the price per sqft implied by the listing (£181.82). Nearby comparable properties on Newlands Avenue range from £45,000 to £160,000, suggesting that the £150,000 listing price is at the higher end of the range but not unreasonable given the size and apparent condition of the property. The lack of plot size may account for the lower price compared to the area average.

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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