YOUR MOVE Chris Stonock says ..

Property Oracle says ..

This property is a 2 bedroom, 1 bathroom terraced house located in Houghton Le Spring, Tyne and Wear. The property benefits from a recently extended rear and a good-sized garden. The interior has been recently renovated to a high standard, featuring a modern kitchen and bathroom. The location is close to local primary schools, with Dubmire Primary School being only 0.61km away and rated ‘Good’ by Ofsted. The average house price in the area is £190,680, with an average price per sqft of £186. This property is listed at £110,000 and has 778.55 sqft. While the average price per sqft in the area is higher, several comparable properties on Railway Cottages have sold for significantly less, ranging from £47,000 to £115,000. The lack of plot size information in the listing makes a definitive statement on land value difficult. However, the images clearly show a substantial garden. The property’s condition appears excellent, thanks to the recent renovation. The proximity to schools and the relatively low list price compared to some nearby properties could make this an attractive option for families or investors. However, potential buyers should consider the lower average house price in the immediate vicinity. The distance to Chester-le-Street train station (8.34km) should also be factored into the overall assessment.

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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