Cloud Estates says ..

Property Oracle says ..

This property is a two-bedroom apartment in Newcastle Upon Tyne. The apartment appears modern and well-maintained based on the provided photos. While the listing mentions a 7.5% yield, suggesting potential for rental income, this should be independently verified. The location is close to several schools, with Monkchester Road Nursery School being the closest at 0.70 KM. Transportation links are also relatively close, with Heworth train station approximately 1.61 KM away. The list price of £120,000 is significantly lower than the average price for the area (£461,500), and the lack of square footage data makes a direct price per square foot comparison impossible. However, considering the average price per square foot in the area is £423, and this property is significantly cheaper, it could represent good value, especially for investors. More information is needed to accurately assess the value and determine if the price is reasonable. The property does have a balcony, but it is not a garden.

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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