Andrew Craig says ..

Property Oracle says ..

The property is a 2 bedroom bungalow located in Jarrow, South Tyneside. The area has a mix of property types and price points. While the average house price in the area is significantly higher at £482,757, this figure is likely skewed by larger properties and doesn’t directly reflect the value of this particular bungalow. Nearby comparable bungalows are listed for prices ranging from £70,000 to £180,000, providing some context for the £145,000 asking price.

The property itself appears to be in generally good condition, though some minor cosmetic updates might enhance its appeal. The garden is present but requires some attention. The property benefits from a conservatory, which adds value and living space. Its proximity to local schools, including those rated as ‘Outstanding’, is a positive aspect for potential buyers. The distance to Heworth train station suggests reasonable access to public transportation.

Considering the condition, the presence of a garden, the location, and the comparable properties in the area, the listed price of £145,000 appears to be within a reasonable range. However, the lack of square footage data prevents a precise price-per-square-foot comparison. More information on the plot size would also allow for a more detailed assessment of the land value.

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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